Answer:
Kate will have $2,178 more than Janice
Explanation:
The constant saving of $75 and $80 each month is an annuity payment. The Balance at the end of 20 years of a constant payment is the future value of annuity.
n = number of months = 20 x 12 = 240 months
r = Average rate = 5.5% per year = 5.5% / 12 = 0.46%
Future value of annuity = FV = P x ( [ 1 + r ]^n - 1 ) / r
Janice
Saving per month = $75
FV = $75 x ( [ 1 + 5.5%/12 ]^240 - 1 ) / 5.5%/12 = $32,672
Kate
Saving per month = $80
FV = $80 x ( [ 1 + 5.5%/12 ]^240 - 1 ) / 5.5%/12 = 34,850.2
Difference = $34850.2 - 32,672 = $2,178
Answer:
C. Decrease No Effect.
Explanation:
This could result in decrease in internal rate of return and also has no effect in the payback period.
On the other hand, many factors can cause an investment to have a negative rate of return. Poor performance by a company or companies, turmoil within a sector or the entire economy, and inflation all are capable of eroding the value of the investment. Rate of return is the amount an investment gains (or loses) over a period of time. It is expressed as a percentage of the initial value of the investment.
The statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
The following information is not relevant:
- If there is an increase in the no of families that are the single parent so it does not decrease the health benefits.
- In order to decrease workplace diversity, the company does not require all employees to speak in English.
- Companies does not recognize the Americans that shows poor demographic group.
Therefore we can conclude that the statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
Learn more about the diversity here: brainly.com/question/1315537
The model that best fits the given situation is exponential
<h3>
what is an Exponential Function?</h3>
Exponential function, in mathematics a relationship of the form y = , where the independent variable x extends over the entire real number line as an exponent of a positive number a. The most important exponential function is y = .
Here,
The value of a classic car = $50,000
It is increasing in value by 5% per year.
So, here we have a = 50,000 and x = 5%
The function is increasing.
b = 1+5%
b = 1+0.05 = 1.05
Hence, the function that describes this situation is given by:
To learn more about Exponential Function from the given link
brainly.com/question/10750625
#SPJ4
Answer:
relevant
Explanation:
Based on the scenario it can be said that the finder's fee would be considered to be a relevant cost for this decision. This type of cost refers to costs that can be avoided but are instead incurred as a consequence to a specific business decision. Which seeing as the fee in this scenario is only incurred if the company decides to buy instead of leasing then it is a relevant cost.