1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Usimov [2.4K]
3 years ago
5

In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price

he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. If the $24 purchase price could have been invested at a 4% annual interest rate, what is its value as of 2012 (386 years later)?
Business
1 answer:
Schach [20]3 years ago
5 0

Answer:

Future value of the island = $90,173,767 (Approx)

Explanation:

Given:

Present value in 1626 = $24

Annual interest rate = 4% = 4 / 100 = 0.04

Number of year (1626 - 2012) = 386 years

Future value = ?

Computation of future value:

Future\ value = 24(1+0.04)^{386}\\\\Future\ value = 24(1.04)^{386}\\\\Future\ value = 24(3,757,240.28)\\\\Future\ value = 90,173,766.7\\\\

Future value of the island is $90,173,766.70

Future value of the island = $90,173,767 (Approx)

You might be interested in
Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflatio
Elena-2011 [213]

Answer:

(a) N = 10.08

(b) N = 10.89

(c) 19.05

Explanation:

(a)

Real\ wage=\frac{Nominal\ wage}{CPI\ in\ the\ given\ year}\times CPI\ in\ the\ base\ year

12=\frac{N}{84}\times 100

N = 10.08

(b)

Real\ wage=\frac{Nominal\ wage}{CPI\ in\ the\ given\ year}\times CPI\ in\ the\ base\ year

12\times1.08=\frac{N}{84}\times 100

N = 10.89

One thing to observe here is that percentage increase in the real wage is always equal to the percentage increase in nominal wage. Same can be verified with different values.

(c) It's given that the real wage is kept at $ 12 which was the same in the last year as well.

So % increase would be zero.

However, if that $ 12 is considered as a Nominal wage in the current year,then,

Percentage increase=\frac{12-10.08}{10.08}\times100

=\frac{192}{10.08}

= 19.05

7 0
3 years ago
What can help diane improve her presentation skills?
kondaur [170]
Here are my tips:

Great title (If not serious, add a pun)

Cover the entire topic, if you hear a word you don't know, probably add a definition.

Pay attention to grammar (If serious. Use grammarly if you don't know grammar that well).

Make a script! Don't constantly look at the board. If you can, do it without the paper.

In the end, add an ending slide so you're not constantly tapping the board thinking it's not working.

Also ask the audience if they have any questions.

5 0
3 years ago
Even as it begins to produce the Mirai for the U.S. market, Toyota continues to manufacture its traditionally fueled cars, truck
Contact [7]

Answer:

Volatility

Explanation:

Volatility of industrial demand is the uncertainty in demand for product or parts by consumers. Companies need to adequately prepare for these changes in demand by the consumer so as to adequately provide the inventory or product to the customer.

In the given scenario Toyota is manufacturing product for all demands in the market place so as to capture all market shares.

They are producing both traditionally furled cars and the Mirai (a car that uses electricity). By this move they are appealing to both demand for normal fuel cars and those that want to use alternative energy sources

8 0
2 years ago
3. What challenges do you anticipate in implementing some of the above steps? Explain.
erica [24]

In implementing some of your steps, anticipate the challenges as they are bound to e related to your specific goal.

<h3>What are challenges?</h3>

Generally, challenges are simply a competitive situation to determine who is superior in a specific field.

In conclusion, in carrying out set goals, missions, or said steps or series of activities we tend to meet challenges, and these challenges are anticipated by the nature of activity.

Read more about Humans

brainly.com/question/18540902

6 0
2 years ago
Explain the definition of Human Resources Management
Arlecino [84]

Answer:

Human resource management (HRM or HR) is the strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives. Human resource management is primarily concerned with the management of people within organizations, focusing on policies and systems. HR departments are responsible for overseeing employee-benefits design, employee recruitment, training and development, performance appraisal, and reward management, such as managing pay and Employee benefits benefit systems. HR also concerns itself with organizational change and industrial relations, or the balancing of organizational practices with requirements arising from collective bargaining and

Explanation:

The Oppoturnity to employ Workers and to make sure their comfortable

5 0
2 years ago
Other questions:
  • Fixed expenses consist of $300,000 of common costs allocated to the three products based on relative sales, as well as direct fi
    12·2 answers
  • Which questions about risk should someone ask before making a big purchase? Check all that apply.
    9·2 answers
  • Which scenario BEST represents monopolistic competition?
    5·2 answers
  • Paula used to check her voice mail each time she returned to her office after a meeting or break. Now she checks her voice mail
    10·1 answer
  • On July 1, 2017, Torvill Construction Company Inc. contracted to build an office building for Gumbel Corp. for a total contract
    10·1 answer
  • Alpaca Corporation had revenues of $270,000 in its first year of operations. The company has not collected on $18,700 of its sal
    10·1 answer
  • What is the routine business of fmcg
    5·1 answer
  • Experienced project managers understand the value of having team members ________ the project as opposed to appointing team memb
    14·1 answer
  • CARLIN:
    11·1 answer
  • (a) what criteria might chobani use when it seeks markets in new countries and (b) what three or four countries meet these crite
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!