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uysha [10]
3 years ago
13

Franklin Templeton has just invested $8,860 for his son (age one). This money will be used for his son’s education 18 years from

now. He calculates that he will need $57,908 by the time the boy goes to school. What rate of return will Mr. Templeton need in order to achieve this goal? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Business
1 answer:
luda_lava [24]3 years ago
8 0

Answer:

Future value (FV) = $57,908

Present value (PV) = $8,860

Number of years (n) = 18 years

Interest rate = ?

FV = PV(1 + r)n

$57,908 = $8,860(1 + r)18

$57,908 = $8,860(1 + r)18

<u>$57,908</u> = (1 + r)18

$8,860

6.535891648 = (1 + r)18

18√6.535891648 = 1 + r  

1.10993 - 1 = r

r = 0.10992 = 10.99%

Explanation:

In this case, we will apply the future value of a lump sum (single investment) formula. The present value, future value and number of years are given with the exception of interest rate. Thus, interest rate is made the subject of the formula.

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3 years ago
what is designed to ensure that the day to day activities are consistent with the established plans and objectives
kodGreya [7K]

Operational control systems are made to make sure that daily operations follow predetermined plans and goals.

What is operational system?

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As a result, operational control systems are designed to ensure that day-to-day actions are consistent with established plans and objectives.

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6 0
1 year ago
Under the WTO agreement:_________
Paraphin [41]

Answer:

Under the WTO agreement:_________

 

b. a dispute resolution mechanism allows countries to bring grievances to the WTO against countries that levy inappropriate trade discrimination measures.

Explanation:

The WTO (World Trade Organization) Agreement is an international legal framework covering about 63 agreements affecting trade in goods, services, intellectual property, standards, investment, and other issues with some impacts on world trade.  The legal framework is a system of rules that supports open, fair, and undistorted trade competition, allowing tariffs and some protections.

7 0
3 years ago
The people and groups that supply a company with its productive resources, and thus have a claim on and a stake in the company,
Leviafan [203]

Answer: Stakeholder

Explanation:

 The stakeholder is the person in an organization that manage all the external and the internal function or the stake of the business.

The main objective of the stakeholder is to managing all the resources, stake, knowledge and the materiel of the company and it also provide some interest to an organization.

According to the question, the stakeholder is basically supply the various types of productive resources ti the firms and then claim on the stake in an organization and this is known as stakeholder.

Therefore, Stakeholder is the correct answer.  

8 0
3 years ago
Vertical disintegration occurs when a company: a. uses its capital resources to purchase its competitor. b. takes advantage of a
Marizza181 [45]

Answer:

b. takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.

Explanation:

Vertical disintegration occurs when a company takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.

A common or popular example of vertical disintegration is Hollywood because it comprises of specialized business firms that are saddled with the responsibility of performing specific tasks or services such as creating movie trailers, posters, editing, sound effects, special effects, lighting, etc.

Generally, vertical disintegration help business firms or organizations to share risk associated with doing business among themselves.

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