Mildred desires to have $7,049 on deposit five years from today. If she has $4,000 to deposit, what rate of interest, compounded annually, must be obtained to accumulate the desired $7,049 in five years?
A) 12%
B) 10%
C) 9%
D) 8%
A
You might also like to view...
The statement "Drew is slow to return phone calls" reflects the ______ component of an attitude.
A. behavioral B. decisional C. perceptual D. affective E. cognitive
Contrast management with leadership and explain their relationship to one another using John Kotter's criteria.
What will be an ideal response?
Performance measures are done to
A. assess assumptions about how the strategic lists affect the business. B. measure the time the company takes to acculturate new employees. C. determine if the strategy and its implementation are proceeding successfully. D. eliminate uncertainty about environmental variables. E. prove that strategic forecasts are precise.
Which of the following can be classified as public law?
A) contracts B) torts C) criminal law D) property law