You Are Supposed to Receive $2,000 fiVe Years from Now

question 208

Multiple Choice

You are supposed to receive $2,000 five years from now. At an interest rate of 6%, what is that $2,000 worth today?

• A) $1,491.97
• B) $1,492.43
• C) $1,494.52
• D) $1,497.91
• E) $1,499.01

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Definitions:

Goal Setting

The process of establishing specific, measurable, achievable, relevant, and time-bound objectives that guide individuals or organizations.

Forced Ranking System

A controversial performance management system where employees are ranked against each other in categories, often leading to a certain percentage being identified as top performers, while others are deemed low performers.

Merit Pay

A compensation system where employees receive pay increases based on their performance, rewarding those who exceed expectations.

Peer Appraiser

An employee designated to assess and review the performance of their colleagues as part of a company's evaluation system.