Terry Started Saving $50 a Month at Age 25 in an Account

question 106

Multiple Choice

Terry started saving $50 a month at age 25 in an account earning 6% compounded monthly.At age 40,she will have ____ in this account.(Use time value tables or financial calculator.)

• A)$5,252
• B)$9,000
• C)$9,540
• D)$13,962
• E)$14,541

---

Definitions:

Frederick Herzberg

A psychologist best known for developing the Motivation-Hygiene Theory, which differentiated between motivators that increase job satisfaction and hygiene factors that, if absent, can cause dissatisfaction.

Satisfiers

Factors that contribute to job satisfaction and motivate employees, influenced by aspects of work that enhance positive feelings.

Job Content

The specific duties, responsibilities, and functions of a job, which define its scope and nature.

Rewards

Benefits or compensations given to employees as a form of recognition for their contributions or achievements.