If I Invest $20,000 at 2

question 7

Multiple Choice

If I invest $20,000 at 2.5% today,how long will it take to reach a minimum of $50,000 compounded semi-annually?

• A)5 years.
• B)19 years.
• C)9 and ½ years.
• D)17 years.

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Definitions:

Management Processes

The series of actions and methodologies implemented by an organization's leadership to achieve its objectives and maintain operational efficiency.

Agenda Setting

The ability of the news media to influence the importance placed on the topics of the public agenda.

Analytically

In a manner that involves the separation of a whole into its components for individual examination; logically and methodically.

Conceptual Skill

The ability to think analytically to diagnose and solve complex problems.