A Company Is Beginning a Savings Plan

question 30

Short Answer

A company is beginning a savings plan.It will save $15,000 per year for the next 10 years.How much will the company have accumulated after the tenth year-end deposit,assuming the fund earns 10% interest?

---

Definitions:

Staff

Employees or workers who are part of an organization or business and contribute to its operations and success.

Schedule

A schedule is a planned set of activities or tasks along with their designated times and durations, intended to manage time efficiently.

Variable Ratio

A variable ratio is a schedule of reinforcement where a response is rewarded after an unpredictable number of responses, often used in behavior analysis.

Soft-Drink Vending Machine

A machine that dispenses cold beverages, such as sodas and juices, usually upon insertion of a coin or token.