Present Value of 1 Future Value of 1

question 22

Multiple Choice

Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 Clara is setting up a retirement fund,and she plans on depositing $5,000 per year in an investment that will pay 7% annual interest.How long will it take her to reach her retirement goal of $69,080?

• A)13.816 years
• B)0.072 years
• C)10 years
• D)20 years
• E)5 years

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Definitions:

Face-To-Face Communication

Direct interaction between individuals, allowing for immediate feedback and personal interaction.

Written Communication

The process of conveying information or ideas through the written word.

Organizational Culture

The set of shared values, beliefs, and practices that characterize how a company’s employees behave and interact.

External Adaptation

The process by which an organization adjusts and changes in response to the external environment.