If $2000 Is Invested for 3 Years at 8% Compounded

question 243

Essay

If $2000 is invested for 3 years at 8% compounded quarterly,find
(a)the compound amount and
(b)the compound interest.

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Definitions:

Bona Fide Occupational Qualification

A work requirement that is essential for the performance of a job, even if it appears to be discriminatory, because it relates directly to the core operations of the business.

Discriminate

To treat someone differently or less favorably on the basis of certain characteristics, such as race, gender, or disability, which is often considered unlawful.

Federal EEOC

The U.S. Equal Employment Opportunity Commission, a federal agency that enforces civil rights laws against workplace discrimination.

State EEOC

State level branches of the Equal Employment Opportunity Commission that handle discrimination complaints and issues.