Daniel Deposits $2,000 Per Year at the End of the Year

question 24

Multiple Choice

Daniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How much will Daniel have on deposit at the end of the 15 years?

• A) $39,981
• B) $46,753
• C) $49,002
• D) $50,258

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Definitions:

Counterproductive Workplace Behavior

Actions by employees that go against the goals and interests of their employer, including theft, sabotage, and wasting time.

Dominance

Intimidating others to gain social status.

Social Status

The level of respect, honor, assumed competence, and deference accorded to people, groups, or nations in society based on their perceived importance or superiority.

Leadership Defined

The act of guiding or influencing a group toward a goal, characterized by the ability to inspire and direct others.