Which of the Following Decisions Would Involve the Use of the Future

question 43

Multiple Choice

Which of the following decisions would involve the use of the future value of $1?

• A) Your brother buys your car and offers to pay you $500 now or $1,500 in two years.
• B) You win a lawsuit and are offered a lump-sum payment today of $100,000 or $15,000 a year for 20 years.
• C) Your father and mother wish to deposit enough money on the date of your high school graduation to enable you to take a $7,000 cruise when you graduate from college in 4 years.
• D) You want to have $1,000,000 in order to retire at age 55, but need to know how much you will need to deposit each year from now until your 55th birthday.

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Definitions:

Early Job Satisfaction

The level of contentment and fulfillment an individual feels in their job early in their career.

Recruitment Process

A series of activities and steps organizations undertake to attract, screen, and hire new employees.

Searching

The act of looking for or actively seeking out information, resources, or locations, often utilizing technology or systematic methods.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or group.