Answer:
Annuity will be $33112.644
Explanation:
We have given future value ( FV ) = $4000000
Rate of interest r = 5% = 0.05
Number of periods n = 40
We know that future value is given by
Here A is annuity
So
So annuity will be $33112.644
Answer:
(a) annual compounding = 5.063 %
(b) monthly compounding = 4.949 %
(c) continuous compounding = 4.939 %
Explanation:
given data
interest rate = 5 % = 0.05
solution
we get here equivalent rate for annual compounding
equivalent rate is express as
= 1 + r
r = 1.025² - 1
r = 5.063 %
and
now we get equivalent rate for monthly compounding that is
=
solve it we get
r = 4.949 %
and
now we get equivalent rate for continuous compounding
=
solve it we get
r = 4.939 %
Explanation:
I am a member of a committee of three person and we will decide on a dress code for Campbellsville University Staff and Faculty.
Only two out of three votes are required to make this policy an me and one of my fellow committee member have agreed on a dress code.
After the policy has been initiated I will approach the other member of the committee and will try to persuade him and tell him that it is only an experiment that has to be observed based on the decisions taken to change the dress code for the faculty members.
I will also give her the reasons for our choice and will show the potential benefits for our selection of the dress code. I will also give the other person some time to think over the decision taken based on the reasons that I have provided him
These are some of the steps that I will take to gain the cooperation of the third party member of the committee.
Answer:
The Initial investment=33.750.000
Explanation:
The initial investment in fixed assets is the amount of money paid to start the project. We consider all the cost at "moment zero"
In this example ,
Land= we consider the actual price, $10.8 million
Plant=$22 million to build
$950,000 worth of grading
Initial investment=10.800.000+22.000.000+950.000=33.750.000