A Student Wishes to Accumulate $4000 by Making Quarterly Deposits

question 58

Multiple Choice

A student wishes to accumulate $4000 by making quarterly deposits of $200 into an account,first deposit made on January 1,2011.The account earns interest at j₄ = 6%.What is the size of the final,smaller quarterly deposit (drop payment) and on what date will this final deposit be made?

• A)A final deposit of $159.73 is made on July 1,2015
• B)A final deposit of $102.12 is made on July 1,2015
• C)A final deposit of $159.73 is made on April 1,2015
• D)A final deposit of $102.12 is made on April 1,2015

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Definitions:

Global Leadership Behaviors

Actions or conducts exhibited by leaders that are effective in navigating the complexities of global operations, including cultural sensitivities, international communication, and cross-border collaborations.

Limitations

The constraints or restrictions that limit capabilities, actions, or outcomes.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of understanding or respecting other cultures.

Prejudice

A preconceived opinion that is not based on reason or actual experience.