Lisa Wants to Know How Much Savings She Would Accumulate

question 54

Multiple Choice

Lisa wants to know how much savings she would accumulate in 15 years if she saves $2,000 per year and her savings earns 4% per year. She needs to determine the

• A) present value of an annuity.
• B) annuity amount.
• C) future value of one specific dollar amount today.
• D) future value of an annuity.

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Definitions:

Stereotypes

Widely held but simplified and generalized beliefs about a particular group of people or things.

Gender

A social construct that refers to roles, behaviors, activities, and attributes that a given society considers appropriate for men, women, and other gender identities.

Differential Role Expectations

The concept that different roles within a group or organization come with different sets of expectations.

Glass Ceiling

An invisible barrier that prevents certain groups, often women and minorities, from advancing to higher positions in organizations.