An Accountant with a College Degree and a License from the State

question 130

Multiple Choice

An accountant with a college degree and a license from the state accounting board works for the Department of Defense as a senior auditor. He makes about $100,000 per year and will soon retire with benefits and a pension. To what class would you expect him to belong?

• A) upper class
• B) working class
• C) middle class
• D) upper-middle class

Apply the concepts of discounting and compounding to determine the value of cash flows at different points in time.

Understand and use financial tables and formulas to find present and future values.

Calculate the effective interest rate required to achieve a financial goal.

Understand the conditions required for a cash flow series to be considered an annuity.

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Definitions:

Culture of Violence

A societal pattern that normalizes and glorifies violence as a way to resolve conflicts.

Drug Cartels

Organized criminal groups involved in the production, distribution, and sale of illegal drugs.

Distrust

The feeling of uncertainty or lack of confidence in someone or something.

Violent Tendencies

Refers to patterns of behavior inclined towards aggression or physical harm to others.