You Have Deposited $7,620 in a Special Account That Has

question 2

Multiple Choice

You have deposited $7,620 in a special account that has a guaranteed rate of return of 19% per year. If you are willing to completely exhaust the account, what is the maximum amount that you could withdraw at the end of each of the next 7 years? Select the amount below that is closest to your answer. (Ignore income taxes.) Use Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided. (Round your intermediate calculations to 3 decimal places.)

• A) $1,295
• B) $2,056
• C) $2,219
• D) $1,089

---

Definitions:

Emotional Exhaustion

A state of feeling overly stressed, depleted, and worn out emotionally, often resulting from long-term job stress.

Special Education Teacher

An educator specialized in teaching students with diverse learning needs, including those with disabilities or giftedness.

Resent

To feel bitterness or indignation at a circumstance, action, or person, often due to perceived unfairness.

Sound Performance Management

A systematic approach to improving organizational performance by developing the performance of individuals and teams.