If the Interest Rate Is 7

question 27

Multiple Choice

If the interest rate is 7.4% per annum,compounding quarterly,what is the future value of a six-year ordinary annuity with quarterly payments of $4000?

• A) $28 903.12
• B) $85 938.40
• C) $62 647.89
• D) $103 126.09

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Definitions:

Defender Strategy

a business strategy focused on maintaining current markets and customers, often by focusing on product improvement and maintaining a stable growth rate.

Entrepreneurial Employees

Refers to employees within an organization who possess an entrepreneurial mindset, often driving innovation, taking initiative, and contributing to the company's growth like internal entrepreneurs.

HR Managers

Professionals responsible for overseeing human resource functions within an organization, including recruitment, training, compensation, and compliance with employment laws.

High Levels

This term is too broad without context, but in general, it can refer to anything that is considered above average in quantity, quality, or intensity.