Zendor Company Wants to Have $200,000 Available in August 2021

question 118

Multiple Choice

Zendor Company wants to have $200,000 available in August 2021 to make an equipment purchase.To be able to have this amount available,Zendor will make equal annual deposits in an investment account earning 12% annually in June 2017,2018,2019,2020,and 2021.What is the dollar amount that must be deposited each of those years to achieve this objective?

• A)$22,700
• B)$31,480
• C)$40,000
• D)$55,480

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Definitions:

Punishment

The application of an adverse stimulus or removal of a positive stimulus in response to an unwanted behavior, aiming to reduce the likelihood of the behavior's occurrence.

Behavior

The actions or reactions of an individual or system in response to external or internal stimuli.

Observable Actions

Behaviors or actions that can be seen and measured by others, typically used in behavioral assessments.

Personality Traits

Enduring characteristics or qualities that define an individual’s patterns of thought, emotion, and behavior.