Assume That You Inherited Some Money

question 61

Multiple Choice

Assume that you inherited some money.A friend of yours is working as an unpaid intern at a local brokerage firm,and her boss is selling some securities which call for four payments,$50 at the end of each of the next 3 years,plus a payment of $1,050 at the end of Year 4.Your friend says she can get you some of these securities at a cost of $900 each.Your money is now invested in a bank that pays an 8 percent simple (quoted) interest rate,but with quarterly compounding.You regard the securities as being just as safe,and as liquid,as your bank deposit,so your required effective annual rate of return on the securities is the same as that on your bank deposit.You must calculate the value of the securities to decide whether they are a good investment.What is their present value to you?

• A) $1,000
• B) $866
• C) $1,050
• D) $901
• E) $893

Identify the influence of sentence structure on meaning, including ambiguity and complexity.

Recognize the impact of case markers and syntax on sentence interpretation.

Appreciate the role of brain activity in processing different parts of speech.

Acknowledge different levels at which ambiguity in language can occur.

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Definitions:

Job Families

Groups of occupations based upon work performed, skills, education, training, and credentials.

Legal Issues

Matters involving interpretations of laws and regulations, often requiring legal advice or actions to resolve disputes or comply with legal requirements.

Job Analysis

The process of gathering, documenting, and analyzing information about job tasks, responsibilities, and the required skills, knowledge, and abilities for a specific role.

Midpoint Method

A technique for calculating the percent change in which changes in a variable are compared with the average, or midpoint, of the starting and final values.