A _________ is a plan for spending money.

The winner of the first annual Tom Morris Golf Invitational won $105 in the competition which was held in 1899. In 2015, the win

antoniya [11.8K]

$25968406.94.

a. Computation of Effective Interest Rate

Future Value = Present Value * (1 + r)^n

Future Value = $1460000

Present Value = $105

n = Number of Years = 116 Years

Future Value = Present Value * (1 + r)^n

1460000 = 105 * (1 + r)^116

13904.76 = (1 + r)^116

1.0857 = 1 + r

Effective Interest Rate = 8.57%

b.Future Value in the year 2050

Future Value = Present Value * (1 + r)^n

Present Value = $1460000

n = Number of Years = 35 Years

Future Value = Present Value * (1 + r)^n

Future Value = 1460000 * (1 + 0.0857)^35

Future Value = 1460000 * 17.7866

Future Value in the year 2050= $25968406.94.

Learn more about interest rates at

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5 0

1 year ago

Explain how the basic economic problems are solved under capitalism?

kotykmax [81]

Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce

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2 years ago

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reventive action ____________. a. realigns the performance of the project work with the project management plan b. seeks to ensu

torisob [31]

Answer:

The correct answer is letter "B": seeks to ensure the future performance of the project work is aligned with the project management plan.

Explanation:

Preventive actions are defined as those that aim to mitigate risks inherent in the operations of a business. Preventive actions lead to entities creating contingency plans that allow them to have certain strategies in front of unexpected situations that could harm the firm's operations.

<em>The project risk management plan is the reference that prevention actions take at the moment of recognizing the set of activities that should be followed to ensure the optimal future performance of a project.</em>

8 0

2 years ago

The total value of final goods and services produced within a nation's borders within a given year is known as that nation's:___

Tems11 [23]

The total value of final goods and services produced within a nation's borders within a given year is known as that nation's gross domestic product.

<h3>What is the gross domestic product?</h3>

Gross domestic product is the total sum of final goods and services produced in an economy within a given financial year. The gross domestic product is usually used as a measure of economic growth.

One of the ways used to determine the value of gross domestic product is the expenditure method:

GDP = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Where: Net export = exports – imports

To learn more about GDP, please check: brainly.com/question/15225458

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1 year ago

I want to talk does anybody want to talk to me?

tresset_1 [31]

Do you need any help with work

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1 year ago

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