You Have $602

question 58

Multiple Choice

You have $602.42 today.You want to accumulate $1,320 by investing your money.You have identified an investment that will generate a return of 4% per annum.How long will you have to invest (in years) in order to accumulate your desired total?

• A) 20 years
• B) 17 years
• C) 19 years
• D) 21 years
• E) 22 years

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Definitions:

Bona Fide Occupational Requirement

A criterion for job positions that is legitimately necessary for the performance of a job, even if it discriminates on certain grounds, under legal justification.

Human Rights Legislation

Laws enacted to protect individuals and groups against discrimination and to guarantee fundamental freedoms and rights, such as freedom of speech and equal treatment.

Discrimination

Unfair or unjust treatment of people based on characteristics such as race, age, sex, or disability.

Corporate Culture

The shared values, behaviors, ethics, and organizational ethos that characterizes members of a corporation or business.