Consider a project with the accompanying Gantt chart. Stella is your only electrical engineer and she is responsible for activit
1 answer:
The information about the question is incomplete, hence the general answer. It is to be noted that the question is about Gantt Charts.
<h3>What is a Gantt Chart?</h3>A Gantt Chart is a two-dimensional representation of a project showing the volume of work to be done, how the work is broken down into various parts, how long each part will take, those responsible for each part of the project, and even where each project overlaps.
Gantt chart (sample attached) is very crucial for Project Management. The goal of using a Gantt chart is to ensure that the project is completed on or before the scheduled time in order to prevent losses.
Please note that a Gantt Chart can be created and edited using MS Exel Worksheet.
Learn more about Gantt Chart at:
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Answer:
36 years 4 months and 2 days
Explanation:
Data provided in the question:
Monthly payment = $300
Rate of return, i = 9% = 0.09
Future value = $1,000,000
Now,
we know
Future value = Monthly payments ×
or
1000000 = $300 ×
or
or
1.0075ⁿ - 1 = 25
or
1.0075ⁿ = 26
ln( 1.0075ⁿ) = ln(26)
or
n × ln( 1.0075 ) = ln(26)
or
n = [tex]\frac{ \ln (26) }{ \ln( 1.0075 ) }[tex]
or
n = 436.04 months
or
n = 36 years 4 months and 2 days