You Deposited $1,000 in a Savings Account That Pays 8

question 114

Multiple Choice

You deposited $1,000 in a savings account that pays 8 percent interest,compounded quarterly,planning to use it to finish your last year in college.Eighteen months later,you decide to go to the Rocky Mountains to become a ski instructor rather than continue in school,so you close out your account.How much money will you receive?

• A) $1,171
• B) $1,126
• C) $1,082
• D) $1,163
• E) $1,008

Examine the relationship between downsizing and human resource management practices.

Discuss alternative human resource planning strategies to downsizing.

Understand the roles of human resources in organizational downsizing and restructuring.

Analyze the impact of downsizing and restructuring on employees.

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Definitions:

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a specified time.

Capital Gain

The profit from the sale of a capital asset for more than its purchase price.

Strike Price

The fixed price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.

Call Options

Financial contracts that give the buyer the right, but not the obligation, to buy an underlying asset at a specified price within a certain time period.