Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.
Given that land was bought by Bob for $16390, the price is increasing at the rate of 6%, price of land today is $46817.
We are required to find the time for which Bob need to own the land so that the price of the land is $46817 today.
Compounding means calculating amount on the principal and the amount added interest.
Rate of increasing the price of land be 6%.
Price when Bob bought the land=$16390.
Price of land today=$46817.
It is like compounding of interest and the sum is calculated as under:
S=P*
In the above equation P is theamount at beginning,r is rate of increasing and n is the number of years.
46817=16390
46817/16390=
=2.8564
=
(Approximately)
From both the sides we will get n=18.
Hence Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.
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This is known as an exclusive brand, because the retailer is the only company that has access to selling it.
Answer:
The description according to another circumstance is summarized throughout the subsection below.
Explanation:
Younger employee transactions including advancement throughout particular on the change to investment opportunities whenever employers have a comprehensive relocation as well as transition strategy in anything other than a manner however to employee retention.
<u>Almost all of the given opportunities to handle relocations or transitions:</u>
- Modification of incentives as well as payouts.
- Additional help in the sale or purchase of the property.
- Starting to move your spending.
Share information sufficiently about everything from the intent of displacement so it appears to either the individual whereby he or she is of importance to either the mission.
True. Creating central distribution centers can allow a business to run more efficiently. This statement is true because when there is a central distribution center, it allows one central location for products to filter in and out. This products are able to be better counted for inventory purposes and making sure there is enough supply being producted to meet the demand for the items.
