Your Department at Work Places $10,000 Every Year-End into an Account

question 38

Multiple Choice

Your department at work places $10,000 every year-end into an account earning 5%.The money is used when the corporate office fails to fully finance your profitable projects.The money has not been touched since the first deposit was made exactly five years ago.If the most recent deposit was made today,how much money is currently in the account?

• A)$55,256.31
• B)$60,000.00
• C)$65,256.31
• D)$68,019.13

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Definitions:

Jury Trials

Legal proceedings where a group of citizens is selected to hear the evidence and make a decision in a court case.

Administrative Agencies

Administrative agencies are government bodies responsible for administering laws and regulations, and overseeing the implementation and enforcement of policies within specific areas.

APA

The American Psychological Association, a leading scientific and professional organization representing psychology in the United States.

Informal Rule Making

A regulatory process allowing for the development and issuance of rules without a formal hearing.