Theresa Wants to Save $10,000 So That She Can Surprise

question 13

Multiple Choice

Theresa wants to save $10,000 so that she can surprise her husband with a vacation six years from now. She can earn 7% on her savings. How much more will she have to deposit if she waits one more year before investing versus if she deposits one lump sum today?

• A) $466.44
• B) $469.15
• C) $470.23
• D) $471.08
• E) $471.54

---

Definitions:

Fleishman Job Analysis System

A comprehensive framework used for evaluating the abilities and competencies required to perform specific job tasks, developed by Edwin Fleishman.

Subject-matter Experts

Individuals who possess extensive knowledge and expertise in a particular field or topic.

Abilities

The skills and competencies that an individual possesses, which can include physical, mental, and emotional capabilities relevant to job performance.

Human Resource Planning

The process of forecasting an organization's future human resource needs and determining how to meet these needs.