What Is the Future Value of $500 Invested at 9

question 159

Multiple Choice

What is the future value of $500 invested at 9.5% compounded quarterly for 12.5 years (round to nearest $1) ?

• A) $670
• B) $1,510
• C) $1,617
• D) $46,739

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Definitions:

Cross-training Programs

Cross-training programs involve training employees to perform tasks or duties outside their usual roles to increase flexibility and efficiency within an organization.

Job Enlargement

The process of increasing the diversity and number of tasks within a job to enhance job satisfaction and performance.

Vertical Loading

The process of enriching a job by adding more decision-making authority and responsibilities to its tasks, aimed at increasing employee motivation and job satisfaction.

Maslow's Hierarchy

A theory in psychology proposing that human needs form a five-tier model of hierarchy, from basic physiological needs to self-actualization.