Calculate the Accumulated Value After Twenty Years of Payments of $12

question 21

Multiple Choice

Calculate the accumulated value after twenty years of payments of $12 000.00 made at the end of each year if interest is 6% compounded semi-annually.

• A) $445 721.73
• B) $322 444.73
• C) $642 766.07
• D) $240 000.00
• E) $441 427.09

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Definitions:

External Environment

Consists of all factors outside an organization that can affect its operations and performance, including economic, legal, technological, and social conditions.

Task Significance

The degree to which a job has a substantial impact on the lives or work of other people, either in the immediate organization or in the external environment.

Ergonomics

The study and design of equipment and workplaces to maximize productivity by reducing operator fatigue and discomfort.

Economy

The system of production, distribution, and consumption of goods and services within a particular area or country.