You Deposit $20,000 in an Account That Doubles in 7

question 29

Multiple Choice

You deposit $20,000 in an account that doubles in 7 years. How many years will it take the account to double again if it earns 14 percent per year?

• A)4.92 years
• B)5.29 years
• C)6.62 years
• D)8.22 years

Recognize the implications of class relationships, such as subclass and superclass dynamics, including method inheritance and constructor behavior.

Comprehend the structure and functionality of abstract classes and methods within a class hierarchy.

Distinguish between interfaces and classes, and understand the requirements for a class implementing an interface.

Recognize the role of the superclass Object in the Java class hierarchy and understand the purpose of the toString method.

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Definitions:

Stop-Payment Order

A request made to a bank by an account holder not to pay a check or payment that has been issued but not yet cashed or withdrawn.

Valid

Legally binding and enforceable, meeting all necessary legal formalities and requirements.

Extends

Refers to something that increases in length, duration, or scope.

Stop-Payment Orders

A request made by an account holder to a bank to not pay out on a check or payment that has been issued on their account.