Assuming the interest rate on the note is 5% per year, the amount of the loan is $2,000.
<h3>Loan amount</h3>
Using this formula
Loan amount=Annual interest/Interest rate on the note
Where:
Annual interest=$100
Interest rate on the note=5% or 0.05
Let plug in the formula
Loan amount=$100/0.05
Loan amount=$2,000
Inconclusion assuming the interest rate on the note is 5% per year, the amount of the loan is $2,000.
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Answer:
Mediator
Explanation:
Mediation is sad to be Neutral third party in dispute settlement. The mediator is saddle with the responsibility by assisting the disputing parties to reach their own agreement.
Mediator role is to analyze and asses critical situations and design intervention to cancel or fault the causes of conflict.
Grievance Mediation is a type of mediation used to settle conflict, grievance or disagreement in relation to union grievances in an organized labor setting.
Advantages of Grievance Mediation includes high settlement rates, high satisfaction, facilitates communication and others.
Answer:
<em><u>Classical Management Approach.</u></em>
Explanation:
The classic approach to management emerged as a management model founded by<em> Taylor </em>in the late nineteenth and early twentieth centuries, called scientific management, whose ultimate goal was to maximize productive efficiency in order to get the worker to produce more in less time.
Scientific management presents four fundamental principles proposed by Taylor:
- Principle of planning
: Substitution of empirical methods by scientific methods, there is a rationalization of work through time and execution studies.
- Principle of worker preparation
: Workers should be selected to work in areas according to their abilities and should be adequately trained so that they can produce more according to the demands of the organization.
- Principle of Execution
: It requires tasks and responsibilities to be distributed so that the work is performed with greater rigor and discipline within an established average time. From this came job and job designs that split functions to maximize productivity.
- Standardization:
Scientific methods were implemented to reduce costs and uniformity. The work is overseen by a number of expert supervisors and the man is seen as being economical, who is motivated to produce more when he receives monetary rewards.
Answer:
You will need to have $ 55,006.94
Explanation:
We need first to consider the following details according to the problem
We have a Annuity amount of $ 2900, a Rate(r)= 0.51%, and a Time(n)= 5 years (or 20 quarters )
.
To reach to the money that we would need to have in the bank today to meet the expense over the next four years we use the following formula:
PVA= annuity amount × [1 - (1 / (1 + r)n)] / r
PVA= $ 2900 x[ 1-{ 1/(1+0.0051)20)]/0.0051
PVA= $ 55,006.94