You Have $7000 That You Invest at 9% Simple Interest

question 83

Multiple Choice

You have $7000 that you invest at 9% simple interest. What is the balance after 14 years?

• A) $12,390
• B) $15,820
• C) $63,000
• D) $882,000

Identify the processes and tools used in job analysis and job description within HR management.

Understand the significance of succession planning and management within an organization.

Recognize the characteristics of successful managers and the approaches to identify them.

Acknowledge the impact of effective succession management on organizational outcomes like shareholder value.

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Definitions:

Contract Term

A specific duration or period during which an agreement is effective and enforceable by law.

Mistake

An error in understanding or judgment that can affect the terms or validity of a contract.

Economic Duress

involves the use of unlawful economic pressure to compel a party to act against their will in entering into a contract, impacting the agreement's voluntariness.

Coercive Acts

Laws or measures taken to force someone to comply with certain rules or regulations, often seen in historical contexts like the British legislation before the American Revolution.