In order to send your first child to Law School when the time comes, you want to accumulate $40,000 at the end
of 18 years. Assuming that your savings account will pay 6% compounded annually, how much would you
have to deposit if:
a. you want to deposit an equal amount at the end of each year?
b. you want to deposit one large lump sum today?
a. $1,294.26
b. $14,013.75
Business
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When an employee has been fired without just cause, on what basis will a court award damages?
A) One month per year of service. B) Reasonable notice C) For junior employees, the notice period set out in provincial employment law D) for senior employees, the common law standard. E) One week per year of service
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Creativity and flexibility are needed in organizations today
Indicate whether the statement is true or false.
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