How Much Money Do I Need to Place into a Bank

question 67

Multiple Choice

How much money do I need to place into a bank account which pays a 6% rate in order to have $500 at the end of seven years?

• A)$332.53
• B)$381.82
• C)$423.77
• D)$489.52

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Definitions:

Job Posting

The process of communicating information about a job vacancy on company bulletin boards, in employee publications, on corporate intranets, and anywhere else the organization communicates with employees.

External Hiring

The practice of filling job vacancies with candidates from outside the organization.

Employment Referral

A hiring method where current employees recommend prospective candidates for a job opening, sometimes rewarded through a referral program.

Recruiting

The process of identifying, attracting, interviewing, selecting, hiring, and onboarding employees.