Mr Fish Wants to Build a House in 10 Years

question 21

Multiple Choice

Mr. Fish wants to build a house in 10 years. He estimates that the total cost will be $170,000. If he can put aside $10,000 at the end of each year, what rate of return must he earn in order to have the amount needed?

• A) between 11% and 12%
• B) between 8% and 9%
• C) 17%
• D) none of the other answers are correct

---

Definitions:

Turnover

The rate at which employees leave a company and are replaced by new personnel, affecting organizational consistency and performance.

Work Conditions

The environment in which an employee works, including factors such as safety, hours, physical demands, and stress levels.

Trust

The confidence a person or group has in the reliability, integrity, and ability of another, which is fundamental in both personal relationships and organizational dynamics.

Continuous Monitoring

The practice of consistently observing and evaluating a system or process to ensure it operates at desired performance levels over time.