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Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-Assuming the straight-line method of amortization is used, the average yearly interest expense on a $450,000, 11 percent, 20-year bond issued at 106 would be
Equity Theory
An assumption that how much people are willing to contribute to an organization depends on their assessment of the fairness, or equity, of the rewards they will receive in exchange.
Expectancy Theory
The assumption that motivation depends not only on how much a person wants something but also on how likely he or she is to get it.
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