Suppose There Is a New Kind of Savings Certificate That

question 100

Multiple Choice

Suppose there is a new kind of savings certificate that starts out paying 3.5% annual interest and increases the interest rate by 1% each additional year that the money is left on deposit.(Assume that interest is compounded continuously and that the interest rate increases continuously.) Assuming an initial deposit of $1500, which of the following investment choices is better?

• A)Investing the money at a fixed interest rate of 5% for 4 years.
• B)Investing the money in the new kind of savings certificate for 4 years.

Identify the core responsibilities and tasks of human resource managers.

Comprehend different training methodologies and their applications in the workplace.

Grasp the components and importance of job descriptions and specifications.

Understand the process and significance of job analysis.

---

Definitions:

Consideration

A fundamental concept in contract law, referring to something of value that is exchanged between parties as part of an agreement.

Gratuitous Promise

A promise for which no consideration is given and which is not legally binding.

Conditional

Something that is subject to one or more conditions or requirements being met before it becomes fully effective or binding.

Future Events

Events or occurrences that have not yet happened but are expected or predicted to happen in the future.