Zachary Invested $4000 into an Account with an Interest Rate

question 40

Multiple Choice

Zachary invested $4000 into an account with an interest rate of 5.3% each year compounded monthly. How much money will be in the account after 1 month (rounded to the nearest hundredth) ?

• A) $322432.10
• B) $4217.23
• C) $4212.00
• D) $4017.67
• E) $4435.24

---

Definitions:

GLOBE Model

The GLOBE Model is a research framework used for understanding cross-cultural leadership and organizational behavior on a global scale.

Leader-member Exchange

A theory describing the dynamic between leaders and their followers, focusing on how the quality of these relationships influences organizational outcomes.

Work-related Transactions

The interactions or exchanges between employees and employers or among colleagues related to the tasks and objectives of their work.

Performance-oriented Values

Cultural or organizational priorities that emphasize achievement, results, and competence in task execution.