Complete the Table for a Savings Account in Which Interest

question 41

Multiple Choice

Complete the table for a savings account in which interest is compounded continuously. $$\begin{array} { | c | c | c | c | } \hline \text { Initial investment } & \text { Annual \% rate } & \text { Time to double } & \begin{array} { c } \text { Amount after 10 } \\\text { years }\end{array} \\\hline \$ 5000 & 5.5 \% & \cdots & \cdots \\\hline\end{array}$$
(Round the answer up to two decimal places. )

• A)Time to double: \(13 yr\) Amount after 10 years: \[\$ 9166.27\]
• B)Time to double: \[13 yr\] Amount after 10 years: \(\$ 9666.27\)
• C)Time to double: \(18 yr\) Amount after 10 years: \(\$ 8666.27\)
• D)Time to double: \(8 y r\) Amount after 10 years: \(\$ 8666.27\)
• E)Time to double: \(13 yr\) Amount after 10 years: \(\$ 8666.27\)

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Definitions:

Incompetent Employee

A worker who lacks the skills, abilities, or knowledge required to perform job duties satisfactorily.

Absenteeism

The frequent absence of an employee from work, which can negatively impact productivity and morale in the workplace.

High-context Cultures

Societies or groups where communication is heavily reliant on contextual elements (such as body language, tone of voice, and social status) rather than explicit, direct words.

Low-context Cultures

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