Answer: Please refer to Explanation
Explanation:
1) You want to have $2 million when you are 65 which is 35 years from now. The interest rate is 5% and you need to know how much to deposit per year to get to that level. The $2 million is therefore the future value of your contributions which makes this an Annuity.
To calculate for the Annuity amount use the following formula,
FV of Annuity = Annuity ( ( (1 + i)^ n -1 )/ i )
2,000,000 = A ( ( ( 1 + 5%) ^ 35 -1 ) / 5%)
2,000,000 = A ( (1.05^35 -1 )/5%)
2,000,000 = A (90.3203074)
A = 2,000,000/90.3203074
A = $22,143
You should set aside $22,143 every year.
2) The major flaw in the calculation is the assumption that the interest rates will remain the same over the 35 years. This is almost impossible and will affect the amount that would need to be deposited every year to achieve the target. If the interest rate should increase then it will increase the amount that you are to get meaning you can get more than $2 million then you would not have to deposit as much to get to $2 million. If it decreases however, you will have to deposit more to get to the required $2 million because the amount earned in interest will not enable you to get to $2 million in that timeframe. .
The degree of risk is associated with the probability or magnitude of loss. The given statement is true.
The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.
Simply put, probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.
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Is that all of the Question. If it is she should go to the Butler Community College
Complete Question:
More than two-thirds of meetings are considered to be:
A. Highly engaging and productive
B. More effective than a well-worded email
C. Slow sometimes, but mostly entertaining
D. A waste of time
Answer:
D. A waste of time
Explanation:
This answer implies that the number of business meetings should be reduced. Issues discussed at business meetings can be ironed out through other means of communication. For example, emails can be used. Instructions and other information can be passed to the team without necessarily holding meetings. Teams can interact effectively and efficiently without holding face-to-face meetings. Some meetings are not productive at all, as the head of the meeting still dominates the speeches instead of giving the team members a conducive environment to air their concerns and opinions and make effective suggestions that will improve business performance and outcomes.
Pablo assured his team that he would advocate for them to receive a much-deserved pay increase. According to the given condition of Pablo, Pablo was fail in the aspect of trust in Credibility.
<h3>What do you mean by the Credibility?</h3>
The capacity to acquire the respect of those who are most directly involved referred as credibility.
As an illustration, consider a social science professor who is well-known for her theories on poverty and who, on the weekends, actively volunteers in disadvantaged neighborhoods to earn the respect of the populations she studies.
Four Different Forms Of Credibility are:-
Therefore, Pablo assured his team that he would advocate for them to receive a much-deserved pay increase. According to the given condition of Pablo, Pablo was fail in the aspect of trust in Credibility.
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