If the Interest Rate Is 6 Percent, to Get Back

question 145

Multiple Choice

If the interest rate is 6 percent, to get back $300 in two years you would need to deposit ________ today.

• A) $267.00.
• B) $275.22.
• C) $283.02.
• D) $291.26.

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Definitions:

Ongoing Feedback

Continuous input on performance and progress, aimed at encouraging development and improvement.

Motivating Goals

Objectives that inspire individuals or groups to take action and persist in their efforts to achieve them.

Equity Theory

A theory of motivation that focuses on the perceived fairness of the distribution of resources within interpersonal relationships, suggesting that individuals are motivated to maintain equity between their inputs and outcomes.

Goal Setting

The process of identifying specific, measurable, attainable, relevant, and time-bound objectives to be achieved in the future.