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nignag [31]
3 years ago
5

you need to have $32000 in 7 years. you can earn an annual interest rate of 3 percent for the first 4 years, and 3.6 percent for

the next 3 years. How much do you have to deposit today?
Business
1 answer:
katrin2010 [14]3 years ago
8 0

Answer:

$22,569.48 is amount i must have to deposit today

Explanation:

FV = Future Value , PV = Present Value , r = rate of interest , n= no of period

PV = FV / (1 + r )n

PV = 32000 / (1 + 3%)^4*(1+3.6%)^3

PV= $32,000/ (1 + 0.03)^4*(1+0.036%)^3

PV= $32,000/ (1.03)^4*(1.036%)^3

PV= $32,000/ (1.03)^4*(1.036)^3

PV= $32,000/ 1.12550881 * 1.111934656

PV= $32,000/ 1.251492251

PV = $22,569.47514

PV = $22,569.48

$22,569.48 is amount i must have to deposit today

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Answer:

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dmitriy555 [2]

Eddie's company is using a forced ranking performance review system.

<h3>What is forced ranking?</h3>
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Therefore, Eddie's company is using a forced ranking performance review system.

Know more about forced ranking here:

brainly.com/question/6626507

#SPJ4

The correct question is given below:
Eddie was surprised to learn that not everyone would receive a bonus this year. Instead, management planned to rank all of the employees in Eddie's division and award bonuses only to the top 20 percent in terms of sales. Eddie's company is using a(n) ______ performance review system.

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Because They Work Hard ⇔∑∑⊃⇵βΔ

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