Kristina Started Setting Aside Funds Three Years Ago to Save

question 67

Multiple Choice

Kristina started setting aside funds three years ago to save for a down payment on a house.She has saved $900 each quarter and earned an average rate of return of 4.8 percent.How much money does she currently have saved for her down payment?

• A)$11,542.10
• B)$12,388.19
• C)$15,209.80
• D)$15,366.67
• E)$16,023.13

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Definitions:

Organizations

Entities comprising multiple individuals working together towards a shared goal or purpose, structured in a way that aims to achieve efficiency and effectiveness.

Social Exchange

A theoretical framework that explains social interactions and relationships in terms of exchanges of resources, including material goods and social currencies like approval or prestige.

Management Function

Activities such as planning, organizing, leading, and controlling that are performed to efficiently and effectively coordinate the use of resources to achieve organizational objectives.

Performance Objectives

Specific, measurable goals set to evaluate the effectiveness of individuals or teams within an organizational context.