Anna Wishes to Have $800,000 in Her Retirement Fund in 20

question 123

Multiple Choice

Anna wishes to have $800,000 in her retirement fund in 20 years.If she contributes $2,000 per month at the start of each month for 20 years, what must she deposit now to achieve this goal? Assume interest is 9.2% compounded semi-annually.

• A)$91,127
• B)$101,656
• C)$102,443
• D)$103,982

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Definitions:

Emotional Labour

The effort to control feelings and outward emotional displays to adhere to a job's emotional expectations.

Affective Commitment

Commitment based on identification and involvement with an organization.

Job Outcomes

The results or achievements produced from one's work responsibilities and activities.

Job Satisfaction

The level of contentment employees feel about their job roles, responsibilities, and work environment.