Use the Present Value Formula to Determine the Amount to Be

question 207

Multiple Choice

Use the present value formula to determine the amount to be invested now, or the present value needed.
-The desired accumulated amount is $9000 after 8 years invested in an account with 3% interest Compounded semiannually

• A) $1907.72
• B) $11,420.87
• C) $7104.68
• D) $7092.28

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Definitions:

Stability Strategy

This is a business approach where an organization focuses on maintaining its current status and steady growth without significant changes or expansion attempts.

Terminations

The act of ending the employment of an employee or the conclusion of an employment contract for various reasons, such as performance issues or downsizing.

Human Resource Manager

A professional responsible for overseeing the recruitment, training, and welfare of an organization's employees.

Growth Strategy

A plan implemented by a company to increase its market share and sales revenue.