Answer:
8.95%
Explanation:
Data provided in the question:
Time, n = 29 years
Principle amount = $200,000
Future value = $2,400,000
Now,
Using the compounding formula
Future value = Principle × [ 1 + r ]ⁿ
here,
r is the interest rate
Thus,
$2,400,000 = $200,000 × [ 1 + r ]²⁹
or
[ 1 + r ]²⁹ = 12
taking the natural log both the sides, we have
29 × ln(1 + r) = ln(12)
or
ln(1 + r) = 0.08569
or
1 + r = 
or
1 + r = 1.0895
or
r = 0.0895
or
r = 0.0895 × 100% = 8.95%
Answer:
40. Somewhere peaceful surrounded by nature
42. i am actually not sure
Answer:
$16,394.26
Explanation:
using a loan calculator we can determine the amount of interest paid in both loans:
<u>loan 1</u> <u>loan 2</u>
n = 30 years n = 30 years
principal = $200,000 principal = $200,000
APR = 4% APR = 3.6%
monthly payment = $954.83 monthly payment = $909.29
total interest paid = $143,739.01 total interest paid = $127,344.65
the difference in total interest paid between both loans = $143,739.01 - $127,344.65 = $16,394.26
the difference in monthly payment between both loans = $954.83 - $909.29 = $45.54
Answer:
C. Benefits
Explanation: Directly impacts what each person WANTS and is getting (Not just money) as shown by Jim. if in the question they were to only deal with the money that each gets from their job then the answer would be expenses. Wanting to save the environment is not an expense it is a <u>benefit </u>of working at the non-profit.
Answer:
raw data; Financial planning
Explanation:
"Decision support systems"<em> (DSS)</em> is an information system or a computerized program that helps assist an individual or a business in terms of making decisions. So, this means that it helps the decision-makers in addressing their problems through raw data or data that is available. These data can be<em> partially structured or not structured at all.</em>
One example of DSS is the "Financial Planning system." This kind of system allows the manager to thoroughly examine the different alternatives or choices before it comes up with a final decision.
So, this explains the answer.
