Your Father Is About to Retire,and He Wants to Buy

question 52

Multiple Choice

Your father is about to retire,and he wants to buy an annuity that will provide him with $85,000 of income a year for 25 years,with the first payment coming immediately.The going rate on such annuities is 5.15%.How much would it cost him to buy the annuity today?

• A)$1,063,968
• B)$1,119,966
• C)$1,178,912
• D)$1,240,960
• E)$1,303,008

Recognize the role of needs in motivation, according to Maslow and Alderfer's theories.

Analyze the role of expectancy, instrumentality, and valence in the expectancy theory of motivation.

Explain how equity theory influences motivation and workplace behavior.

Understand the principles of goal-setting theory and its impact on performance.

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Definitions:

Simultaneously Integrates

Refers to the process of combining or incorporating multiple elements at the same time.

Wechsler Abbreviated Scale of Intelligence

A brief intelligence test designed to measure cognitive ability and intelligence in individuals aged 6 to 89 years.

WAIS

The Wechsler Adult Intelligence Scale, a widely used test designed to measure human intelligence in adults and older adolescents.

WISC

The Wechsler Intelligence Scale for Children is a widely used intelligence test for children between the ages of 6 and 16.