Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Worldatwork C3E Exam - Topic 8 Question 8 Discussion

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?
B) 11,841.14
A) 10,058.25
C) 11,957.91
D) 12,802.36

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?

Show Suggested Answer Hide Answer
Suggested Answer: B

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

Limited Time Offer

25%

Off

Get Premium C3E Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Bong
10 months ago
Compounding quarterly really makes a difference!
upvoted 0 times
...
Peter
10 months ago
I thought it would be more, honestly.
upvoted 0 times
...
Yesenia
11 months ago
Wait, are you sure about that? Seems low.
upvoted 0 times
...
Sean
11 months ago
Totally agree, that’s the right amount!
upvoted 0 times
...
Lindsey
11 months ago
You need to set aside about 10,058.25!
upvoted 0 times
...
Justine
11 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!
upvoted 0 times
...
Allene
11 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?
upvoted 0 times
...
Yun
11 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.
upvoted 0 times
...
Cora
11 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.
upvoted 0 times
...
Kenny
11 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.
upvoted 0 times
...
Rikki
11 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.
upvoted 0 times
...
Floyd
11 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.
upvoted 0 times
...
Hortencia
11 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.
upvoted 0 times
...
Novella
12 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.
upvoted 0 times
...
Evan
12 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.
upvoted 0 times
...

Save Cancel