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
n200080 [17]
3 years ago
8

you have decided to sublet your apartment. your tenant has agreed to pay $150 per month starting today (with payments made at th

e beginning of each month)there are eight months left on your lease in the appropriate interest interest rate is 6%, compounded monthly. what is the present value of this agreement?
Business
1 answer:
mixas84 [53]3 years ago
4 0

Answer:

PV= $1,173.44

Explanation:

Giving the following information:

your tenant has agreed to pay $150 per month. There are eight months left on the lease, the appropriate interest rate is 6%, compounded monthly.

<u>To calculate the net present value, first, we need to calculate the final value and then use the present value formula.</u>

FV= {A*[(1+i)^n-1]}/i

A= annual pay= 150

i=0.06/12= 0.005

n=8

FV= {140[(1.005^8)-1]}/0.005= 1,221.21

Now, we calculate the present value:

PV= FV/(1+i)^n

PV= 1,221.21/1.005^8= $1,173.44

You might be interested in
Holton is the manager at a small restaurant what can he do to ensure the work place offers a safe environment for employees
adoni [48]

Answer:

A. Require all employees to wear slip resistant shoes.

<u></u>

<u>Options for this question</u>

A. Require all employees to wear slip resistant shoes.

B. Allow employees to eat one meal from an employee menu during their shift.

C. Train employees to provide great customer service.

D. Have employees set all the tables at the beginning of their shift.

Explanation:

Restaurants operate while maintaining high levels of hygiene. Cleaning is a continuous process as long as the restaurant is open. Due to this fact, the floor is bound to be slippery most of the time. With such conditions, slip-resistant shoes should be part of an employee's personal protection equipment, PPE.

A manager concerned with employee safety will insist on slip-resistant shoes to prevent workplace accidents. The other options are not about employee safety in the workplace.

3 0
3 years ago
Why is business plan necessary?​
Agata [3.3K]

Answer:

Business plan necessary because:

•It make you aware of your strength or weakness.

•It also creates an effective strategy for growth.

•It helps to determine your future financial needs.

•It also helps to gain a deep understanding of your market.

7 0
2 years ago
Jose is an up and coming entrepreneur working on solidifying his business plans. After meeting with his mentor, he learns that h
dybincka [34]

Answer:

This is important for Jose because as a business owner you want to know what type of business you are running

Explanation:

hope this helps :D

4 0
2 years ago
Staffing plan that lists the roles and the proposed reporting structure that are required for the project. Typically, a project
Andru [333]

Answer: Project manager

Explanation:

A project manager is a qualified person in the field of project management. Project managers are responsible for the planning, directing, procurement and the execution of a project. Project managers are the first point of contact when issues arise from various departments in the organization before the problem reaches higher authorities.

The project manager is responsible for project management. The project manager does not really take part directly in the things done to produce the end result, but makes sure there is progress and fulfillment of the organizational goals.

4 0
3 years ago
Read 2 more answers
Question 7 of 10
Ipatiy [6.2K]
D is the answer I’m sure of it
4 0
2 years ago
Other questions:
  • In february, when paula, the manager of a landscaping company, is modifying worker schedules to handle the expected increase in
    9·1 answer
  • A consumer is making purchases of products Alpha and Beta such that the marginal utility of product Alpha is 30 and the marginal
    7·1 answer
  • Marshall Manufacturing has recently revamped its promotional strategy. Marshall now utilizes a system that combines all the elem
    10·1 answer
  • The Broom Maker currently has annual sales of $387,000 and is operating at 88 percent of capacity. The profit margin of 5.5 perc
    8·1 answer
  • Help me please!!!! I need your help and answer this question fully by paying attention to the question asked.
    6·1 answer
  • What are some law enforcement reforms that either have been discussed or are underway?
    10·1 answer
  • This is an example of an?
    7·1 answer
  • All of the following are considered to be typical characteristics describing the nature of an insurance contract EXCEPT
    6·1 answer
  • A retail store had sales of $46,000 in April and $55,800 in May. The store employs eight full-time workers who work a 40-hour we
    12·1 answer
  • a personal account earmarked as a retirement supplement contains $292,200. suppose $250,000 is used to establish an annuity that
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!