What Lump Sum Should Be Deposited in an Account That

question 44

Multiple Choice

What lump sum should be deposited in an account that will earn at an annual rate of 7%, compounded quarterly, to grow to $90,000 for retirement in 20 years? Round your answer to the nearest cent. ​

• A)$29,594.17
• B)$5,741.36
• C)$44,828.96
• D)$14,219.12
• E)$22,464.10

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Definitions:

Middle Performers

Employees who achieve or exceed the basic requirements of their job roles but do not consistently perform at the highest levels within an organization.

Skills

Specific abilities or expertise that enable a person to perform particular tasks effectively.

Performance Objectives

Specific, measurable goals set for individuals or teams to achieve within a specified timeframe to improve overall performance.

Quantity

The amount or number of a material or immaterial thing not considering its quality or nature.