Celesta Frank Wants to Go on a Cruise in Three

question 23

Multiple Choice

Celesta Frank wants to go on a cruise in three years. She could earn 8.2 percent compounded monthly in an account if she were to deposit the money today. She needs to have $10,000 in three years. How much will she have to deposit today? (Round to the nearest dollar.)

• A) $6,432
• B) $7,826
• C) $8,148
• D) $7,763

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Definitions:

Supervisors

Individuals within an organization responsible for overseeing and guiding the performance of a group of employees, ensuring tasks are completed effectively.

Brainstorming

A group creativity technique designed to generate a large number of ideas for the solution to a problem.

Criticize

To express disapproval of someone or something based on perceived faults or mistakes.

Self-Directed Work Teams

Denotes groups of employees who are given autonomy to plan, execute, and manage their own tasks and responsibilities without traditional managerial supervision.