What Rate of Interest Is Required for $940

question 91

Essay

What rate of interest is required for $940.48 to earn $42.49 interest from September 30, 2011, to March 4, 2012?

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Definitions:

Human Resources Demand

The projected need for additional employees in an organization, based on its future business activities, growth plans, and strategic objectives.

HR Gap

The difference between the current capabilities of an organization's human resources and the skills and competencies needed to achieve strategic objectives.

Human Capital

Human Capital represents the skills, knowledge, and experience possessed by individuals, considered in terms of their value to an organization.

Skills Gap

A situation in which the supply of a particular form of human capital available to the firm is inadequate to address the demand.