What Amount Should an Individual Have in a Bank Account

question 75

Multiple Choice

What amount should an individual have in a bank account today before withdrawal if $5,000 is needed each year for four years with the first withdrawal to be made today and each subsequent withdrawal at one-year intervals? (The balance in the bank account should be zero after the fourth withdrawal.)

• A)$5,000 + ($5,000 × 0.909) + ($5,000 × 0.826) + ($5,000 × 0.751)
• B)$5,000 ÷ 0.683 × 4
• C)($5,000 × 0.909) + ($5,000 × 0.826) + ($5,000 × 0.751) + ($5,000 × 0.683)
• D)$5,000 ÷ 0.909 × 4

Determine the effects of proactive behaviors on socialization outcomes.

Recognize the role of environmental and individual factors in influencing proactive behaviors.

Understand the significance of mentoring and networking in organizational diversity strategies.

Dissect the role of socialization strategies in organizational settings and their impact on newcomer adjustment.

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Definitions:

Reproductive Health

A state of complete physical, mental, and social well-being in all matters relating to the reproductive system, allowing people to have a satisfying and safe sex life and the capability to reproduce.

Labor Market

The labor market is the supply and demand for labor, where employees provide the supply and employers provide the demand.

Double Deprivation

A situation where individuals or groups experience exclusion or disadvantage across more than one social, economic, or environmental dimension simultaneously.

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.