Present and Future Value Tables of $1 at 3% Are

question 70

Multiple Choice

Present and future value tables of $1 at 3% are presented below:

-Sondra deposits $2,000 in an IRA account on April 15, 2018. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2028?

• A) $20,600.
• B) $20,928.
• C) $23,616.
• D) $24,715.

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Definitions:

Trait Evaluation Approaches

Methods used in psychology and human resource management to assess individuals' characteristics and predict their behavior or performance.

Inherent Subjectivity

The natural presence of personal opinions and biases in judgement and decision-making processes.

Similar-to-me Error

A bias in which evaluators prefer candidates who resemble themselves in some manner, affecting objective assessment.

Appraisers Inflate

A situation where property or asset valuers intentionally estimate higher values than what is genuine, often leading to skewed market prices or unfair advantages.