Seabee Makes Quarterly (End of Period)payments of $30,000 into a Pension

question 38

Multiple Choice

Seabee makes quarterly (end of period) payments of $30,000 into a pension fund earning 12 percent compounded quarterly for 10 years. How much interest will have been earned in 10 years?

• A)$2,262,030
• B)$2,105,880
• C)$905,880
• D)$1,062,030

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Definitions:

Right Person

The ideal candidate or member whose skills, values, and personality match well with the specific requirements of a role, task, or organizational culture.

Warren Bennis

was an American scholar, organizational consultant, and author, widely regarded as a pioneer in the field of leadership studies.

Effective Leadership

The ability of a leader to inspire and guide followers towards achieving specific goals in an efficient and effective manner.

Principles

Standards of ethical conduct; fundamental truths and proven rules, such as the principles of effective leadership. See ethics.