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Airida [17]
3 years ago
14

Solving for rates what annual rate of return is earned on a $2,800 investment when it grows to $6,100 in eleven years?

Business
1 answer:
Flura [38]3 years ago
4 0
To solve use equation:
FVn = 6100 - investment amount after 11 years
PV = 2800 - initial investment amount
n = number of years

Fvn = Pv(1+i)^n
6100 = 2800(1+i)^11
(1+i)^11 = 6100/2800
(1+1)^11 = 2.17857143
i = (2.17857143)^(1/11)-1
i = 0.07335
i = 0.07335 x 100
i = 7.34%

The annual rate of return is 7.34%
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Average distance 8 mile and per gallon cost is 83 cent how much is the journey cost
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6.64 because 8×.83 is 6.64
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3 years ago
Layton Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 13 years to maturit
Leni [432]

Answer:

Bond Price​= $2,162.94

Explanation:

Giving the following information:

Par value= $2,000

YTM= 0.038/2= 0.019

Coupon= (0.046/2)*2,000= $46

Years to maturity= 13*2= 26

<u>To calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 46*{[1 - (1.019^-26)] / 0.019} + [2,000 / (1.019^26)]

Bond Price​= 936.91 + 1,226.03

Bond Price​= $2,162.94

7 0
2 years ago
Workco must have the following number of workers available during the next three months: month 1, 20; month 2, 16; month 3, 25.
GaryK [48]

Answer:

Total least possibe cost in three months is $4.800 + $2.800 + $4.000 = $11.600

Explanation:

Let us assume that Workco does not have the option to have less number of workers than 20, 16 & 25 in the first, second and third months respectively.

Month 1 : Since there are zero workers at the start, the cost of First month can easily be calculated as cost of hiring 20 workers and salary of 20 workers i.e (20*100)+(20*140) = $4800

Month 2 : Since number of workers required is less than month 1, workco has the option of firing maximum of 4 workers to bring down number of workers to 16. The decision of whether to fire the workers depend on 2 factors :

a) Cost of firing + Cost of hiring - If we see, cost of firing + hiring is ($50 + $100) = $150 which is greater than the salary of worker of $140/month

b) Number of workers required in 3rd Month - It is important to note that the number of workers needed in 3rd month is the highest i.e more than the 1st month also which effectively means that we will have to rehire all the workers fired in month two and then hire 5 more workers (Difference between number of workers in 1st and 3rd month).

Since cost of hiring + firing is more than the salary, it makes sense to not fire any worker in month 2.

Considering the above points, cost in month two is 20*140 = $2800

Month 3 : Nom of workers at the end of month two is 20 and requirement is 25. So Workco will have to hire 5 more workers costing him (5*100)=$500 and then pay salary to 25 workers (25*140)= $3500 taking the total cost in month 3 to $500 + $3500 = $4000

So, total least possibe cost in three months is $4800 + $2800 + $4000 = $11600

7 0
3 years ago
The service profit chain is the service sequence from employees to customers to profit. According to this concept, the company's
Serga [27]

Answer:

Explanation:

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3 years ago
How did the paleolithic people came to know about fire<br><br>very short ​
Mekhanik [1.2K]

Answer:

There are multiple theories, nobody can be 100 percent sure how but here are 2 main theories:

Explanation:

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-They may have used pieces of flint stones banged together to created sparks. They may have rubbed two sticks together generating enough heat to start a blaze.

6 0
2 years ago
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