Your Friend Claims That He Invested $5,000 Seven Years Ago

question 15

Multiple Choice

Your friend claims that he invested $5,000 seven years ago and that this investment is worth $38,700 today.For this to be true,what annual rate of return did he have to earn? Assume the interest compounds annually.

• A)28.87 percent
• B)31.39 percent
• C)33.96 percent
• D)36.01 percent
• E)37.87 percent

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Definitions:

Employee Loyalty

The dedication of employees to their company, often reflected in their willingness to remain with the company for a long time.

Vacancy Model

A technique or model for predicting the number of job vacancies within an organization over a future period, aiding in workforce planning efforts.

Hierarchical Levels

The layers of authority within an organization, typically ranging from top management to entry-level employees, establishing a chain of command.

HR Supply Forecasting

The process of estimating the future availability of human resources based on current data, trends, and potential changes in the workforce.