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const2013 [10]
3 years ago
9

Solve for the unknown number of years in each of the following (Do not round intermediate calculations and round your answers to

2 decimal places, e.g., 32.16.): Present Value $21,500 Interest Rate 11% Future Value $430,258 Years - ?
Business
1 answer:
sammy [17]3 years ago
5 0

Answer:

time t = 28.72 years

Explanation:

given data

Present Value =  $21,500

Interest Rate =  11%

Future Value = $430,258

solution

we will apply here future value formula to find out time period that is express as

future value = present value × (1+r)^{t}   .....................1

put here value and we will get

$430,258 = $21,500  × (1+0.11)^{t}

20.012 =  (1.11)^{t}

take ln both side

ln (20.012) = t × ln(1.11)

t = \frac{2.9963}{0.1043}  

time t = 28.72 years

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Answer:

D. 7

Explanation:

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15pts-- multiple choice!
katrin2010 [14]
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6 0
3 years ago
Name 2 advantages and 2 disadvantages of opening a franchise.
deff fn [24]

Answer:

two advantages are having your own buisness and being able to make money, and doing what you love (or like)

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Explanation:

5 0
3 years ago
n January​ 1, 2018, Waller Sales issued $ 20 comma 000 in bonds for $ 18 comma 300. These are eightminusyear bonds with a stated
spayn [35]

Answer:

$18,106.25

Explanation:

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Now the carrying value would be

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= $18,000 + $106.25

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8 0
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Answer:

The correct answer is True.

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3. Break down each deliverable into smaller, more manageable parts: it is about achieving a realistic level of work planning by the project manager, which ensures that, without interfering with the total estimated project deadline and the overall plan, it can be completed by the work teams. It is about determining work packages. These units constitute the lowest level of the EDT and are pieces of work that are specifically assigned to a person or a team of people to be completed, under the supervision of the Project Director. It is recommended that they focus on a single point of responsibility. The work packages will be used later to define the activities and tasks in which the project is divided.

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7 0
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