Answer:
The effective annual rate of interest is 23.45%
Explanation:
Effective annual rate of interest=(1+annual interest)^365/t-1
Annual interest =discount rate/100%-discount rate
discount rate here is 2%
annual interest=2/100-2
=2.04%
T is the difference between the discount period of 10 days and credit period of 45 days
45-10=35 days
Effective annual rate of interest=(1+2.04%)^(365/35)-1
=(1.0204^10.42857143)
-1
= 1.2345 -1
=0.2345
=23.45%
Answer:
It will take 10.058 years from today.
Explanation:
Giving the following information:
Present value= $1,091
Future value= $1,728
Interest rate= 12%
<u>First, we need to calculate the number of years it will take to transform the PV into the FV:</u>
<u></u>
n= ln(FV/PV) / ln(1+i)
n= ln(1,728/1,091) / ln(1.12)
n= 4.058 years
It will take 10.058 years from today.
Answer:
Programmed decision making
Explanation:
A programmed decision is one that is done by following already laid down rules and procedures. They are Carried out using formal patterns and the goals here are both clear and specific. These rules and routines in UPS are are a good example of how programmed decisions are done. As it can be seen on every aspect of their day to day business activities.
Increase and increase. If it’s wrong please let me know!
