Jerry Wants to Know How Much He Needs to Save

question 35

Multiple Choice

Jerry wants to know how much he needs to save every year to accumulate $15,000 in five years at a 10 percent interest rate.Which of the following tables should he use?

• A)Present value $1
• B)Present value ordinary annuity
• C)Future value $1
• D)Future value ordinary annuity

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Definitions:

Recruit Candidates

The process of identifying and attracting potential employees to fill open positions within an organization.

Peer-to-Peer Enclaves

Networks or communities where individuals interact and share resources directly, without central authority.

External Partners

Organizations or individuals outside of one's own organization that collaborate or engage in business relationships for mutual benefit.

Supplement Talents

To add or enhance skills and abilities in addition to what is already possessed, often through training or recruitment.