To What Future Value Will a Principal of $7100

question 48

Essay

To what future value will a principal of $7100.00 amount in three years at 7.6% p.a. compounded:
a) annually
b) semi-annually
c) quarterly
d) monthly

---

Definitions:

Performance Appraisal

is the systematic process of evaluating and documenting an employee's performance, including aspects like work achievements and skills, typically conducted by their supervisors.

Ethnocentric Behavior

The belief in the superiority of one's own ethnic group, often leading to prejudice and discrimination against other groups.

Career-planning Systems

Structured programs and tools that help individuals develop and manage their career paths according to their strengths, interests, and market demand.

Forced-Distribution Method

A performance evaluation technique where employees are ranked in accordance with a predetermined distribution curve, forcing managers to identify top and bottom performers.