Answer:
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Answer: High involvement organization
Explanation:
A high involvement organization is an organization that is centered on the involvement of employees. It gives employees opportunities to make decisions about their jobs and to take part in the organization as a whole.
A high-involvement organization seeks input from their team from the top managers to lower levels with regards to the issue. This kind of management boosts productivity.
First, calculate for the effective interest.
ieff = (1 + i/m)^m - 1
Substituting the known values,
ieff = (1 + 0.05/2)^2 - 1
ieff = 0.050625
Then, using the equation,
F = P x (1 + ieff)^n
Substituting,
14,000 = P x (1 + 0.050625)^3
The value of P from the equation is 12072.15612
<em>Answer: $12,072.16</em>
