Which of the Following Amounts Is Closest to the End

question 92

Multiple Choice

Which of the following amounts is closest to the end value of investing $10,000 for 18 months at a stated annual interest rate of 12% compounded quarterly?

• A)$11,800
• B)$11,852
• C)$11,940
• D)$11,961
• E)None of the above is within $100 of the correct answer.

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Definitions:

Positive Instrumentalities

The belief that if one performs well, this will lead to valued outcomes or rewards.

Performance-contingent Basis

A system or approach where rewards, such as bonuses or promotions, are given based on the achievement of specific performance targets or outcomes.

Employee Needs

The requirements or desires of workers, including physiological, safety, social, esteem, and self-actualization needs, that influence motivation and job satisfaction.

Instrumentality

The perception that a particular level of performance will result in the attainment of desired outcomes or rewards.