Tom Started His Career with Oracle with an Intention to Retire

question 93

Multiple Choice

Tom started his career with Oracle with an intention to retire in 25 years. When he retired, he started receiving $66 000.00 every 6 months for 15 years, starting on the date of his retirement. How much did Tom deposit deposit in an account at the start of his career, if interest is 9.25% compounded semi-annually?

• A) $1 108 432
• B) $115 594
• C) $1 449 334
• D) $147 332
• E) $79 360

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Definitions:

Evaluation And Termination

The process of critically appraising an intervention, project, or employee’s performance and the decision to end or conclude it based on outcomes.

Goal Attainment

The achievement or realization of objectives or targets that have been set.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Resistant Patterns

Behaviors or trends showing opposition or inability to change despite attempts at intervention.