Answer the Question. -Stephen Sets Up an IRA with an APR of 5

question 162

Multiple Choice

Answer the question.
-Stephen sets up an IRA with an APR of 5% at age 26. At the end of each month, he deposits $56 in the account. How much will the IRA contain when he reaches 65? Compare that amount to the
Total amount of deposits made over the time period.

• A)$80,643.63; this is $54,435.63 more than the total amount of the deposits.
• B)$1534.42; this is $78.42 more than the total amount of the deposits.
• C)$57,471.98; this is $35,071.98 more than the total amount of the deposits.
• D)$57,716.09; this is $43,653.29 more than the total amount of the deposits.

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Definitions:

Global Leadership Dimension

The ability of a leader to influence individuals, groups, and organizations from different cultural or geographical backgrounds.

Global Leadership Dimension

Aspects or characteristics relevant to leading and managing across different cultures and international boundaries.

Global Leadership

Leadership that transcends national borders, encompassing the ability to influence individuals, groups, and organizations worldwide.

Human Capital

The knowledge, skills, and abilities (KSAs) embodied in an organization’s employees.