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Anna11 [10]
3 years ago
15

The Rodriquez family is determined to purchase a $250,000 home without incurring any debt. The family plans to save $2,500 a qua

rter for this purpose and expects to earn 6.65 percent, compounded quarterly. How long will it be until the family can purchase a home
Business
1 answer:
dexar [7]3 years ago
3 0

Answer:

70years

Explanation:

The future value formula for compound interest, after n interest period is

F=P(1+i)^n

where i is the interest rate per period in decimal form and P is the principal or present value.

The Rodriquez family is determined to purchase a $250,000 home so

F=$ 250,000

The family plans to save $2,500 a quarter for this purpose and expects to earn 6.65 percent.

This implies that:

i =  \frac{0.0665}{4}  = 0.0016625

For t years, the number of compounding periods will be;

n = 4t

We fixed the values into the formula and solve for t.

250000=2500(1+0.0066125)^ {4t}

\frac{250000}{2500} =(1.0066125)^ {4t}

100=(1.0066125)^ {4t}

100=(1.0682)^ {t}

t =  log_{1.0682}(100)

t = 69.8

It will take approximately 70years

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When an offeree changes the terms of an offer, it is called a counteroffer. What happens
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<h2>Original offer becomes void (nothing).</h2>

Explanation:

Counteroffer: The original offer would have been either rejected or modified with new one.

This gives the original offeror three options:

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Example:

When a buyer makes an offer on say "home", there is a possibility of seller can making a counteroffer. In other terms, a counteroffer is one of the negotiating tactic in response to the initial offer. You can call it as business tricks. When a counteroffer is announced, "the original offer goes nothing(void)".

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Catherine works for BluCorp, which has an employee handbook stating that employees will be terminated for good cause. Catherine'
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To compare two programs for training industrial workers to perform la skilled job, 10 workers are included in an experiment. All
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If we compare the p value and the significance level assumed  we see that  so we can conclude that we have enough evidence to reject the null hypothesis, and we can conclude the the true mean for method 1 is lower than the mean for the method 2 at 5% of significance.

<h3>Data given and notation</h3>

We can calculate the sample mean and deviation with these formulas:

represent the mean for the sample mean for 1

represent the mean for the sample mean for 2

represent the sample standard deviation for the sample 1

represent the sample standard deviation for the sample 2

sample size selected 1

sample size selected 2

represent the significance level for the hypothesis test.

t would represent the statistic (variable of interest)

represent the p value for the test (variable of interest)

State the null and alternative hypotheses.

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<h3>Null hypothesis:</h3>

Alternative hypothesis:

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(1)

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Calculate the statistic

We can replace in formula (1) the info given like this:

 P-value

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To learn more about  null hypothesis visit the link

brainly.com/question/16261813

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