Two-and-one-half years from now, Melanie Olson wants to have $8,500 in the bank. She can earn interest of 12% compounded monthly. Compute the amount that Melanie must deposit today. (Use Tables 16-1A&B or 16-2A&B or a calculator.)
0.12 ÷ 12 = 0.01; 12 × 2 1/2 = 30;
$8,500 × 0.74192 = $6,306.32 deposit today
You might also like to view...
Which automaker currently has a joint venture with Hindustan Motors (India)?
A) Volkswagen B) Ford C) GM D) Renault E) Mazda
The generation of employees called ______ were born between 1946 and 1964 and have career progression as a career goal.
A. millennials B. boomers C. Gen Xers D. traditionalists
Which of the following capture complications in measuring a company's triple-bottom line performance?
A. Revenue and cost metrics do not capture the impact of CSR on the social/ environmental causes to which the company gives. B. A company's profitability and financial performance is only weakly correlated with investments in CSR C. Some companies don't have a business case approach to their CSR initiatives, and so, assessing financial metrics seems spurious. D. There is no standard approach to measuring a company social and environmental performance. E. All of the above capture measurement complexities.
Which of the following is NOT an effective strategy for companies that want to provide strong internal communication?
a. Promote open exchange of honest, candid communication. b. Use a variety of communication channels to encourage two-way communication. c. Limit the questions employees may ask management. d. Keep employees informed of both good and bad news.