Deavon Just Graduated from College with a Degree in Marketing

question 61

Essay

Deavon just graduated from college with a degree in marketing. He wants to go into sales. He believes that if he works hard he can earn a lot of money. He wants to earn money fast to pay off his school loans. He is single with no dependents. Describe the type of variable pay program and flexible benefits package that would be the most desirable for Deavon.

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Definitions:

Simple Interest

Interest calculated only on the original amount of money borrowed or invested, without compounding.

GIC

A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period of time, typically issued by banks or trust companies.

Maturity Value

The amount payable to the investor at the end of a security's maturity period; this includes the principal plus interest.

Treasury Bill

Short-term government securities issued at a discount from the face value and mature in a year or less, representing a secure investment.