Answer:
FV= $1,811,070.34
Explanation:
Giving the following information:
You are to make monthly deposits of $675 into a retirement account that pays an APR of 10.3 percent compounded monthly.
First, we need to calculate the monthly interest rate:
Monthly interest rate= 0.103/12= 0.008583
Number of months= 31*12= 372
Now, using the following formula, we can calculate the ending value:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit= 675
FV= {675*[(1.008583^372)-1]} / 0.008583
FV= $1,811,070. 34
Answer:
a. The cost of producing additional unit of output
Explanation:
Marginal cost refers to the extra cost incurred to produce additional unit of output or service.
Often times production or manufacturing companies tends to produce more units of outputs maybe to meet recurrent demand. The cost expended in the production of such extra units of output is called marginal cost. It is computed as change in the cost of producing additional goods divided by change in the number of goods produced.
Answer:
Nepal
70 years
Kenya
47 years
Singapore
10 years
Egypt
21 years
Explanation:
Suppose
Time period = X
Per capita Income = $1
Using following formula calculate time period to double the per capital Income
FV = PV ( 1 + g)^n
Nepal
g = 1%
2 x $1 = $1 ( 1 + 0.01)^n
$2 / $1 = 1.01^n
$2 = 1.01^n
Log 2 = n Log 1.01
log 2 / log 1.01 = n
n = 69.66 years = 70 years
Kenya
g = 1.6%
2 x $1 = $1 ( 1 + 0.016)^n
$2 / $1 = 1.016^n
$2 = 1.016^n
Log 2 = n Log 1.016
log 2 / log 1.016 = n
n = 43.66 years = 47 years
Singapore
g = 7.3%
2 x $1 = $1 ( 1 + 0.073)^n
$2 / $1 = 1.073^n
$2 = 1.073^n
Log 2 = n Log 1.073
log 2 / log 1.073 = n
n = 9.84 years = 10 years
Egypt
g = 3.4%
2 x $1 = $1 ( 1 + 0.034)^n
$2 / $1 = 1.034^n
$2 = 1.034^n
Log 2 = n Log 1.034
log 2 / log 1.034 = n
n = 20.73 years = 21 years
Answer:
not satisfying customer needs on critical factors.
Explanation:
In this scenario American companies were supplying more of left hand side cars to Japan. When Japan needed more of the right hand side cars. They ignored the customer needs and instead gave him what he has little use for.
On the other hand Germany supplied Japan the specification of cars that they wanted.
American car manufacturers will be blamed for not satisfying customer needs on critical factor of right hand drive cars.
Answer:
c. Charles offers Sam between exist15 and exist40 not to smoke. Sam accepts, and both parties are better off.
Explanation:
Since in the question it is mentioned that Charles wants to dine in a restaurant i.e. fancy but the table that only available in the smoking section and he not like the smell of cigarette also he notice that one person that named Sam smoking there so based on the given situation the option c would be chosen as Sam received the gain of $15 by smoking but also he received more than $15 in cash when he accept and stop smoking
Therefore the option c is correct
