If the Present Value of an Individual's Savings Account Is

question 53

Multiple Choice

If the present value of an individual's savings account is $52,354, what is its future value in 3 years if the account earns an annual interest rate of 8 percent?

• A)$66,580.89
• B)$64,589.13
• C)$65,950.96
• D)$66,320.48

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Definitions:

Attractive Assignment

A task or project that is appealing to individuals, often because it offers growth opportunities or recognition.

Salary Premium

Additional compensation over the base salary that an employee receives, often due to special skills, performance, or market factors.

New Hires

Individuals who have recently joined an organization, typically undergoing orientation and initial training processes.

Stressors

External or internal factors that cause stress to an individual or system, potentially affecting performance and well-being.