How Much Money Do You Need Today in Order to Have

question 78

Multiple Choice

How much money do you need today in order to have $3000 in 21 months time,if interest is compounded continuously at 9%?

• A)$2741.79
• B)$2564.34
• C)$2562.83
• D)$453.22

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Definitions:

Accomplishes

Achieves or completes successfully.

Organization Design

Refers to the framework of jobs, positions, clusters of positions, and reporting relationships among positions that are used to construct an organization.

M-form Design

A type of organizational structure known as the Multidivisional form, characterized by a series of semi-autonomous divisions that are responsible for different products or markets, overseen by a central headquarters.

Functional Design

An approach to designing products, services, or systems that focuses on practicality and performance, meeting specific objectives and user needs.