Suppose You Have $1,500 and Plan to Purchase a 5-Year

question 45

Multiple Choice

Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest,compounded annually.How much will you have when the CD matures?

• A)$1,781.53
• B)$1,870.61
• C)$1,964.14
• D)$2,062.34

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Definitions:

Labor Relations

The study and practice of managing the relationship between an employer and their employees, often within the context of union representation and collective bargaining agreements.

Overseas Assignment

A work assignment that takes an employee to a location outside their home country, often for an extended period.

Ethnocentric

The belief in the inherent superiority of one's own ethnic group or culture over others.

Repatriation

The process of preparing expatriates to return home from a foreign assignment.