Narrative 11-1Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)
Refer to Narrative 11-1. Leonora wants to have $18,000 in 1 year. Calculate how much she should invest now at 10% interest, compounded semiannually in order to reach this goal.
A. $14,700.00
B. $15,725.00
C. $16,326.54
D. $17,800.20
Answer: C
You might also like to view...
Describe customer loyalty and the ways in which retailers can build customer loyalty.
What will be an ideal response?
Which of the following is recommended to improve corporate governance?
a. Getting directors involved in the day-to-day management issues of the firm. b. Instituting an employee vote to hire or fire the CEO. c. Setting up “golden parachutes” for CEOs. d. Instituting a “cradle-to-grave” conceptualization of all new products. e. Ensuring that directors are clearly separated in their authority from the CEO.
The best reason to pay above market is:
A. to attract better workers and enhance our employment brand B. to take advantage of tax incentives C. to keep the unemployment rates down D. to invest in workforce development opportunities E. to avoid negligent hires
One's duty to do a job or perform a task is called
A. authority. B. accountability. C. responsibility. D. delegation. E. obligation.