If $10,000 Per Year Is Deposited at 8% Starting Today

question 10

Multiple Choice

If $10,000 per year is deposited at 8% starting today and at the beginning of each of the next five years (6 deposits) , the amount on deposit will be:

• A)$46,229.
• B)$73,359.
• C)$49,927.
• D)$79,228.

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Definitions:

Bureaucracy

An organizational structure characterized by standardized procedures, hierarchical divisions, and a clear set of rules and regulations governing operations and decision-making.

Utilisation of Resources

The process of effectively using available resources, such as time, money, and materials, to achieve desired outcomes or objectives.

Fairness

Fairness involves impartial and just treatment or behavior without favoritism or discrimination, often in contexts such as legal systems, workplace policies, and social interactions.

Modern Approaches

Contemporary methods or strategies used in various fields such as management, technology, and education.