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ch4aika [34]
3 years ago
6

Penn Station is saving money to build a new loading platform. Two years ago, they set aside $24,000 for this purpose. Today, tha

t account is worth $28,399. What rate of interest is Penn Station earning on this investment?
Business
1 answer:
vekshin13 years ago
4 0

Answer:

0,087792106  = rate

Explanation:

We need to calculate the interest of the investment

principal x (1 + rate)^time = value

replacing with the know values

24,000 x  (1+rate)^2   =  28,399

28,399/24,000      = (1 + rate)^2

sqrt (28,399/24,000)  -1 = rate

now we solve for the unknown value

                0,087792106  = rate

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Present three examples that illustrate how all decisions involve trade-offs
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It is probably safe to say that most if not all decisions involve trade-offs. For example a person may be offered a job that pays well but requires 7 days per week for a month and while this is good for a younger person with no other commitments it may not work for an older person with his own family commitments and other projects. Another decision could be that for support, a husband decides to not take on major time consuming projects while his wife is doing intensive studying to become certified in a field of her choosing  so that he can support her. Another example is that when one cannot drive one's son with a disability to a beach to swim because it is too far and uses too much car gas, the money saved on gas some of it could be spent on his groceries.
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4 years ago
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What is typical of a centrally planned economy?
Gnom [1K]

Answer: A centrally planned economy has a central authority that makes all the economic decisions.

Explanation: Unlike the market economies where economic decisions like price are made by private organizations and individual consumers, a centrally planned economy which is also referred to as command economy, is an economic system that has a central authority (e.g government) that controls and dictates the economic decisions that has to do with the production, distribution and price of goods.

4 0
3 years ago
Situation 1: There is a Head of Human Resource (HR) in a recognized Multinational National Company (MNC). You are a marketing ex
Phantasy [73]

Answer:

As a marketing executive of the company looking to beg an emergency leave from a HR person who is considered to be rudy, unfamiliar with me, 45+ age and also that the company is experiencing a lot of turnovers, the best way to approach the HR would be to:

1. Write an official letter to him making the intentions clear.

2. Politely ask him to consider your request even though you two are not very familiar with each other.

3. Stress the importance of the emergency and why you have to leave.

4 0
3 years ago
Under the Fair Credit Reporting Act of 1970 (FCRA), consumers can stop financial institutions from sharing their credit report o
Westkost [7]

Answer:

True

Explanation:

The Fair Credit Reporting Act of 1970 (FCRA) was enacted as a legislation by the U.S. Federal Government to ensure accuracy, fairness, and privacy of consumer information which consumer reporting agencies have in their files. The aim is to ensure that inaccurate information are not intentionally and/or negligently included in the credit report of consumer reporting agencies.

Although, initially when FRCA was passed in 1970, customers does not have the option of preventing sharing of information about them. However, when FCRA was amended in 1996, it allows companies to share among their affiliates different data collected on their customers subject to the provision that customers are allowed to prevent the sharing of the information.

Therefore, under the Fair Credit Reporting Act of 1970 (FCRA), consumers can stop financial institutions from sharing their credit report or credit applications with affiliates.

I wish you the best.

8 0
3 years ago
An investment, which is worth 26,800 dollars and has an expected return of 4.28 percent, is expected to pay fixed annual cash fl
Dennis_Churaev [7]

Answer:

Present Value =  $22,663.69

Explanation:

<em>The present value of a sum expected in the future is the worth today given an opportunity cost interest rate. In another words ,it is amount receivable today that would make the investor to be indifferent between the amount receivable today and the future sum.</em>

The present value of a lump sum can be worked out as follows:

PV = FV × (1+r)^(-n)

PV - Present value - ?

FV - Future value - 26,800

r- Interest rate per period - 4.28%

n- number of periods- 4

PV = 26,800 × (1.0428)^(-4)=22,663.69

PV =  $22,663.69

7 0
4 years ago
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