Calculate the Time Necessary to Achieve the Investment Goal

question 52

Multiple Choice

Calculate the time necessary to achieve the investment goal. Give your answer to the nearest day. Use a 365-day year. ​
$1,000 at 6% simple interest; deposit $800
​

• A) 4 year 62 days
• B) 4 year 304 days
• C) 4 year 76 days
• D) 4 year 69 days
• E) 4 year 61 days

Understand the concepts and applications of skills gaps, skills inventory, and management inventory.

Identify different mathematical models (simulation, linear programming) used in HR for forecasting and planning.

Recognize the importance of strategic alignment between HR planning and organizational strategy.

Discuss the implications of workforce demographics on HR strategies.

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Definitions:

Crisis Situations

Emergency circumstances that require immediate action due to the potential threat to health, safety, or stability.

Flexible Approach

A method or strategy that is adaptable and can be adjusted according to changes in circumstance or new information.

Multidimensional Thinking

Multidimensional thinking is the ability to consider and integrate multiple perspectives and dimensions (such as logical, emotional, and creative) in the problem-solving process.

Effective Solutions

Practical and successful resolutions or answers to problems that meet the needs and objectives of a situation or challenge.