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spayn [35]
4 years ago
3

most good managers emjoy mentoring emplyees. most good managers are people- oriented individuals. Assuming these two statements

are true do some people- oriented individuals enjoy mentoring employees?
Business
1 answer:
egoroff_w [7]4 years ago
7 0
I would assume that at least some of them do 

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The correct option is (B) $365,530.

Explanation:

In this problem we need to determine the future value, i.e. the amount at the retirement age.

The formula to commute the future value is:

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Here,

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r = interest rate = 8%

n = number of periods = 25

The future value is:

\\ FV=A[\frac{(1+r)^{n}-1}{r}]\\=5000\times[\frac{(1+0.08)^{25}-1}{0.08}]\\=365529.699\\\approx365530

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Tabletop exercise -

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