Jocelyn and Zhane Were Hired 2 Years Apart but Do

question 18

True/False

Jocelyn and Zhane were hired 2 years apart but do the same job.Zhane will make less than Jocelyn because he is a new employee.

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Definitions:

Quarterly

Occurring or done every three months.

Compounded

A method of calculating interest where previously earned interest is added to the principal amount, and then future interest is calculated on the new total.

Quarterly

Occurring every three months or four times a year.

Annuity

An investment vehicle that provides a consistent series of disbursements to a person, often employed in retirement planning.