Connie Wants to Have an Annuity Payment of $2,000 at the END

question 81

Multiple Choice

Connie wants to have an annuity payment of $2,000 at the END of every three months. How much should she deposit now at 6% interest, compounded quarterly, to yield this payment for 3 years? (Use Table 12-2 in your text)

• A) $21,815.02
• B) $20,786.85
• C) $21,577.10
• D) $22,783.26

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Definitions:

Internal Advocacy

refers to the act of promoting, supporting, or defending a cause, policy, or interest within an organization by its members.

Manages Diversity

Involves recognizing, embracing, and leveraging the differences in backgrounds, perspectives, and attributes of individuals in a group or organization to enhance its performance.

Workforce Creativity

The capacity of employees within an organization to generate innovative ideas and solutions that can improve performance and drive success.

Knowledge and Skill

The collective information, understanding, and techniques that individuals possess, enabling them to perform tasks effectively in various contexts.