Worldatwork C3E Exam - Topic 8 Question 8 Discussion

Actual exam question for Worldatwork's C3E exam

Question #: 8
Topic #: 8

[All C3E Questions]

You need 15,000 in two years in order to take that long-awaited and much deserved vacation of your dreams. You can earn 12% interest, compounded quarterly from your credit union. How much money do you need to set aside now?

A10,058.25

B11,841.14

C11,957.91

D12,802.36

Show Suggested Answer

Suggested Answer: B

by Diane at May 09, 2022, 04:01 PM

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Bong

4 months ago

Compounding quarterly really makes a difference!

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Peter

4 months ago

I thought it would be more, honestly.

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Yesenia

5 months ago

Wait, are you sure about that? Seems low.

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Sean

5 months ago

Totally agree, that’s the right amount!

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Lindsey

5 months ago

You need to set aside about 10,058.25!

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Justine

5 months ago

I believe we need to find the present value using the formula, but I’m torn between options B and C. I hope I remember the right steps!

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Allene

5 months ago

I feel like I should be able to calculate this, but I keep mixing up the compounding periods. Is it quarterly or annually?

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Yun

5 months ago

This question reminds me of a similar practice problem we did in class. I think the answer is around 11,800, but I can't recall the exact calculation.

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Cora

5 months ago

I think I remember that we need to use the present value formula for compound interest, but I'm not entirely sure how to set it up.

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Kenny

5 months ago

Hmm, I'm not sure. I was thinking it might be technical feasibility, since that's a key constraint we need to consider.

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Rikki

5 months ago

I'm not too sure about this one. Is an overhead a discounted charge, the market price, or an indirect cost? I'll have to review my notes to refresh my memory on this topic.

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Floyd

5 months ago

Hmm, I'm a little unsure about this one. Do we really only need the user principal name, or should we include some additional attributes like usage location to be safe? I'll have to think this through a bit more.

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Hortencia

5 months ago

Based on my understanding, Cisco Social Miner is used for social media monitoring and integration with contact centers. In that case, I think the answer is likely D - a demilitarized zone, to keep it separated from the internal corporate network.

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Novella

6 months ago

Hmm, I'm a bit unsure here. The options all seem reasonable, but I'm not sure which one is the best. I might need to think through the pros and cons of each approach before deciding.

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Evan

6 months ago

Okay, let's see. I think the key is understanding what happens to the reservation status and staging location of the backordered items. I'll need to analyze each option closely.

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