Answer:
PV= 19,042.84
Explanation:
Giving the following information:
You need to have $32,000 in 14 years. You can earn an annual interest rate of 3 percent for the first 4 years, 3.6 percent for the next 3 years, and 4.3 percent for the final 7 years.
<u>To calculate the initial deposit, we need to use the following formula for each interest rate:</u>
<u></u>
PV= FV/(1+i)^n
<u>Last 7 years:</u>
PV= 32,000/(1.043^7)
PV= $23,831.96
<u>Year 4 - 7:</u>
PV= 23,831.96/1.036^(3)
PV= 21,432.88
<u>Finally, for year 0 to 4:</u>
PV= 21,432.88/ 1.03^(4)
PV= 19,042.84
Answer: let-government-do-it
Explanation:
The narrow corporate social responsibility has to do with the fact that corporations and businesses already contribute a positive quota to tye economy by generating revenue when they make profit, which they use in supporting the wages of employees, provision of employment, investments opportunities, and payment of taxes.
The argument believes that government should be allowed to do some other things.
Answer:
14%
Explanation:
The computation of the tvom in percentage form is shown below:
Today price × (1 + interest rate) = Future value
$5,000 × (1 + interest rate) = $5,700
(1 + interest rate) = $5,700 ÷ 5,000
(1 + interest rate) = 1.14
So, the interest rate
= 1.14 -1
= 0.14 or 14%
Hence, the interest rate or TVOM i.e times value of money is 14%