Abe Deposited a Sum of Money at the End of Every

question 58

Multiple Choice

Abe deposited a sum of money at the end of every month for 15 years at 8.5% compounded monthly. After the last deposit, interest for the account is to be 3.5% compounded quarterly and the account is to be paid out by end-of-quarter quarterly payments of $5905.00 over 17 years. What is the size of the monthly deposit?

• A) $560 735
• B) $1550
• C) $756
• D) $1160
• E) $1466

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Definitions:

Organizational Language

Pertains to the specific set of terms, jargon, and communication styles unique to a particular organization or workplace.

Metaphors

Figures of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, often used for symbolic or comparative purposes.

Expressions

Ways in which thoughts, feelings, or ideas are conveyed through words, gestures, or facial expressions.

Change Hindrances

Obstacles that impede progress and make it difficult for the organization to adapt to different situations.