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victus00 [196]
3 years ago
9

Your grandmother has been putting $1,000 into a savings account on every birthday since your first (that is, when you turned one

). The account pays an interest rate of 4%. How much money will be in the account on your 18th birthday immediately after your grandmother makes the deposit on that birthday?
Business
1 answer:
lukranit [14]3 years ago
5 0

Answer:

The amount in the account on the  18th birthday = $ 25,645.41

Explanation:

<em>The investment can be described as an ordinary annuity. An ordinary annuity is a series of equal periodic cash flows that  occur for a certain number of years</em>

<em>The amount the invest will accrue principal plus interest is known as the f</em><u><em>uture value</em></u><em> of the annuity</em>

It is determined as follows:

<em>FV = A ×  ( (1+r)^n -1  ) / r</em>

FV - ?,  A = 1000.  r - 4%- 0.04, n - 18

FV = 1,000× ( ( (1.04)^(18) - 1 )/ 0.04

    = 1,000 ×  25.64541288

    = $ 25,645.41

The amount in the account on the  18th birthday = $ 25,645.41

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Natali [406]

Answer:

Frank and Carol Bellacera are confused

Explanation:

The fact that the couples are super -cautious in nature is getting them confused concerning what they actually wanted as they were trying to be extra careful.

They initially requested for a comparable sales price for their property towards listing, known as comparative market analysis which Dustin Giles provided. However , they went on to change their request to the actual value that a lender can be used to establish a loan which is appraisal .Dustin could have been able to do the appraisal if only he is an independent licensed appraiser practitioner.

Therefore from the scenario ,it is very obvious that Frank and Carole did not really know what they wanted or probably have not made up their mind concerning their decision on the property.

5 0
3 years ago
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Len [333]

Answer:

The correct answer is "unsought"

Explanation:

Unsought goods are products or services that consumers don´t have any knowledge about it. Sometimes the customer doesn´t find it useful and thinks that it is a waste of money and time.

The classic examples of unsought goods are encyclopedias, funeral services, reference books.

6 0
3 years ago
The process of benchmarking against an organization’s established norm, which may be based on best practice, state or national s
Alex

Answer:

The correct answer is A.  a PI project may be appropiate.

Explanation:

Benchmarking is a continuous and systematic process that makes a comparative evaluation of products or services in organizations that show best practices in a given area, with the aim of transferring knowledge of best practices and their application.

Benchmarking should not be confused with espionage or competition, so the concepts of best practices and area of interest should be very clear. In this sense, for the organization it becomes an appropriate process, since it allows you to know to what extent it may be convenient to consider the actions against the established norm.

8 0
3 years ago
Celgene Corporation, a biopharmaceutical company based in New Jersey, develops cutting-edge drugs in a highly regulated environm
dezoksy [38]

Answer:

At Celgene, the environment is  <u>  dynamic  </u> because of the <u>  speed of change  </u> and because of the <u>  number of changing factors   </u> . Resources are <u>  scarce  </u> .

The managers at Celgene are facing conditions of <u>  high  </u> uncertainty. This means that it will be <u>   difficult  </u> for them to make strategic decisions about the types of products the company will offer in the future.

Explanation:

From the short passage leading to the question the following points have been used in the answers provided:

a. dynamic: the change in the areas such as informatics, functional genomics and regulations means that the operating environment is dynamic not static

b. speed of change: the statement <em>"evolve on a daily basis" </em>shows a fast pace of changing conditions

c. number of changing factors: the factors changing include informatics, functional genomics and regulations.

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e. high uncertainty: due to the rapid evolution, the managers do not predict accurately, hence a high degree of uncertainty

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7 0
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tino4ka555 [31]

Answer:

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<em>By choosing less harmful products like the mentioned above and choosing alternative solutions to cover common activities, humanity's global footprint will be reduced.</em>

5 0
3 years ago
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