<span>So 6% of $62,900 is $3774, which you then divide by 12 because there are 12 months and you want to see how that $3774 increase breaks down to one month. When you divide 3774 by 12 you get $314.50. So they would be looking forward to an additional $314.50 per month.</span>
Answer:
a. 8.10%
b. $50,930,776.45
Explanation:
a. The 2018 prize money can be expressed as a compounded amount of the 1898 amount in the manner;
2,640,000 = 230 * ( 1 + rate) ^ 120 years
Year 2018 - 1898 = 120 years
Solving for rate;
2,640,000/230 = ( 1 + rate) ^ 120 years
( 1 + rate) = (2,640,000/230) ^ 1/120
1 + rate = 1.081016
rate = 0.0810
= 8.10%
b. Number of periods = 2056 - 2018
= 38 years
= 2,640,000 * ( 1 + 8.10%) ^ 38
= $50,930,776.45
Answer:
Here are some steps to be taken to avoid being a victim of consumer fraud:
- Spot Imposters: Scammers often pretend to be someone else, especially one you can trust, like a government official.
- Online searching: Search about the company of product online to see if it is legit or not.
- Don't pay in advance: Scammers always try to get money in advance, in terms of taxes or fees.
- Discuss with someone: Before giving someone your money, talk to someone you trust or preferably to an expert.
- Personal information: Don't given any unknown person your personal information, money, or any kind of financial details
Answer:
No, the company should not make this investment
Explanation:
Only projects with an internal rate of return for the investment greater than the company's required rate of return should be accepted.
For Benson Corporation, the internal rate of return for the investment is 10.5% and less than the company's required rate of return of 12%. Thus, the company should not make this investment
Answer:
D
Explanation:
The quality of hire is simply how closely a new hire meets the company’s needs.
When a company needs a position being filled, it advertises the position and there is usually a pool of applicants. After screening, depending on the company’s policies, the position is filled, usually to the most qualified. Now, the quality of hire is that metrics that is used to know if actually the new employee meets the need of the company I.e if the employee would be able to carry out effectively, the tasks for which he/she was employed