Executives who are compensated on a salary basis and engage in management duties are generally exempted from overtime pay

Future value increases with increases in the interest rate or the period of time funds are left on deposit

Indicate whether the statement is true or false

In a stream of past dividends, the initial dividend is $0.75 and the most recent dividend is $1.25. The number of years between these two dividends (n) is 8 years. What is the average growth rate during this eight-year period?

Use a calculator to determine your answer. A) 6.59% B) 6.62% C) 6.69% D) 6.72%