Interest Is 3

question 239

Short Answer

Interest is 3.75% compounded monthly. If you want to have $4,000 in an account in three years, how much should you deposit to that account today?

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Definitions:

Bona Fide Occupational Qualification

A legal term that allows employers to make hiring decisions based on specific attributes when those attributes are essential to the job.

Disparate Treatment

A form of discrimination where individuals are treated differently based on protected characteristics, such as race, gender, age, or religion, in employment and other settings.

Disparate Impact

A concept in employment law where policies or practices have a disproportionately adverse effect on a protected group, even if unintentional.

Discriminatory Consequences

The negative outcomes or impacts that arise when individuals or groups are treated unfairly based on characteristics such as race, gender, age, or disability.