Solve by Using Compound Table

question 6

Short Answer

Solve by using compound table:
$$\begin{array} { | l | l | l | l | l | } \hline \text { Principal } & \text { Rate } & \text { Time } & \begin{array} { l } \text { When } \\\text { Compounded }\end{array} & \text { Total Amount } \\\hline \$ 8,000 & 10 \% & 3 \text { years } & \text { Semiannually } & \text { ? } \\\hline\end{array}$$

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Definitions:

Professional Employees

Individuals employed in professions requiring advanced education or specialized training, often held to higher standards of conduct and expertise.

Incentive Plans

Strategies used by businesses to motivate and reward employees beyond their regular pay.

Enterprise Incentive Plans

Strategies or programs designed to motivate and reward employees’ performance at all levels, aligning their efforts with the goals of the organization.

Organizational Members

Individuals who are part of an organization and contribute to its culture, goals, and functioning through their roles and actions.