Calculate Answers to the Following Questions

question 2

Essay

Calculate answers to the following questions:
a.To what amount will a $1,600 deposit grow,assuming 9 percent annual interest,five years,and simple interest?
b.To what amount will a $1,000 deposit grow,assuming 10 percent annual interest paid semiannually,three years,and simple interest?

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Definitions:

Democratic

Pertaining to a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

'Least-preferred co-worker'

A concept used in Fiedler's contingency theory to gauge a leader's task or relationship orientation based on their description of a difficult co-worker.

Play-oriented

An approach or attitude focusing on play and enjoyment, often in the context of learning or creative activities.

Group-centred

Focused on or revolving around the interests and needs of the group as a whole.