An Initial Investment of $6000 Grows at an Annual Interest

question 62

Multiple Choice

An initial investment of $6000 grows at an annual interest rate of 3% compounded continuously.How long will it take to double the investment?

• A) 23.10 years
• B) 24.10 years
• C) 24.00 years
• D) 23.00 years
• E) 1 year

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Definitions:

Modifying Work Stressors

The process of identifying and adjusting factors in the work environment that contribute to stress in order to reduce their negative impact on employees.

Bonuses

Additional financial rewards provided to employees or staff beyond their regular pay, typically for achieving specific targets or exemplary performance.

Workplace Aggression

Behaviors aimed at causing harm or expressing hostility towards others in a professional setting.

Physical Assault

A violent act where one person inflicts physical harm upon another.