Lucretia Puts $400 into an Account When the Interest Rate

question 89

Multiple Choice

Lucretia puts $400 into an account when the interest rate is 10 percent.Later she checks her balance and finds it's worth about $708.62.How many years did she wait to check her balance?

• A)5 years
• B)6 years
• C)7 years
• D)8 years

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Definitions:

Corporate Citizenship

Refers to a company's responsibilities toward society. This concept emphasizes the importance of acting in a socially responsible manner that goes beyond profit-making.

Fiduciary Duties

Refers to the obligations of loyalty and care that fiduciaries owe to their clients or beneficiaries, ensuring their best interests are prioritized.

Ethical Audit

A systematic evaluation of an organization's ethical policies, practices, and culture to assess compliance with ethical standards and identify areas for improvement.