If You Place $50 in a Savings Account with an Interest

question 16

Multiple Choice

If you place $50 in a savings account with an interest rate of 7% compounded weekly, what will the investment be worth at the end of five years (round to the nearest dollar) ?

• A) $72
• B) $70
• C) $71
• D) $57

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Definitions:

Organizational Stakeholders

Individuals or groups with an interest or investment in the success and operations of an organization, such as employees, customers, and shareholders.

Flexible Working Hours

A work arrangement that allows employees to alter their workday start and finish times or work from different locations.

Environmental Uncertainty

The degree of unpredictability in an organization's external environment, affecting decision-making processes and strategies.

Sustainable Development

A development approach that meets the needs of the present without compromising the ability of future generations to meet their own needs.