After Receiving a Reward for Information Leading to the Arrest

question 73

Multiple Choice

After receiving a reward for information leading to the arrest of a notorious criminal, you are considering investing it in an annuity that pays $5,000 at the end of each year for 20 years.You could earn 5% on your money in other investments with equal risk.What is the most you should pay for the annuity?

• A) $50,753
• B) $53,424
• C) $56,236
• D) $59,195
• E) $62,311

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Definitions:

Task Communication

The exchange of information specifically related to the accomplishment of a task.

Social Cohesion

The strength of relationships and the sense of solidarity among members of a community.

Casual Friday

A workplace policy allowing employees to wear more casual attire on Fridays, aiming to boost morale and relaxation.

Collective Efficacy

A group's shared belief in its conjoint capabilities to organize and execute the courses of action required to achieve given objectives.