You Are Investing a Lump Sum of $7200 with a Goal

question 37

Multiple Choice

You are investing a lump sum of $7200 with a goal of saving $200 000 total in 30 years.What annual interest rate on your investments would you need to reach your goal?

• A)15 percent
• B)11.7 percent
• C)11.3 percent
• D)12.4 percent

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Definitions:

Employee Involvement

The degree to which employees are encouraged to contribute their ideas and suggestions to improve their workplace.

Organizational Commitment

The level of loyalty an employee feels towards their organization, often reflected in their willingness to remain with the company.

High-Stress Job

A position that consistently exposes the employee to significant stressors, often due to high pressure, workload, or the critical nature of the job’s outcomes.

Behavior Modification

A psychological technique that involves changing an individual's behaviors through reinforcement, punishment, or other interventions.