If €4,000 Is Put in a Savings Account Today, What

question 91

Multiple Choice

If €4,000 is put in a savings account today, what amount will be available six years from now?

• A) €4,000 × 1.080 × 6
• B) €4,000 × 1.080 × 1.469
• C) €4,000 × 1.166 × 3
• D) €4,000 × 1.260 × 2
• Items 59 through 61 apply to the appropriate use of present value tables. Given below are the present value factors for £1 discounted at 10% for one to five periods. Each of the items 59 to 61 is based on 10% interest compounded annually.

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Definitions:

Group Development

A process by which a group of individuals with a common purpose evolves into a cohesive unit with defined roles and norms.

Group Process

The way group members deal with one another while working on a task.

Coordinating Stage

A phase in teamwork or project management where the group organizes its efforts and resources effectively to execute a plan.

Group Development

The stages that a group goes through from its formation to achieving high levels of performance and cohesion.