These questions are for your opinion.
Answer:
$13,241
Explanation:
From the data we were given in the question:
future value = fv = $1,500,000
time = t = 30 year
rate = r = 8%
We are required to find out How much does he need to invest to achieve his goal
solution
future value = principal ( 1+ rate)^(t-1) / rate
1500000 = principal (1 + .08)^(30-1)/ 0.08
we make principal, p, subject of the formula.
principal = 1500000 / ( (1 + .08)^(30-1)/ 0.08 )
Principal = 1,500,000 / 113.2832
principal = 13241.15
so Dan needs to invest $13241
Answer:
Federal funds rate
Explanation:
Federal funds rate is the interest rate at which commercial banks borrow and lend their excess reserves to each other overnight.
The answer is: Autocratic or authoritarian environment
In authoritarian environment, the upper managers do not involve the lower level employees in the decision making process.
This company value a strong chain of command. This mean that the employees of such company are expected to be fully obedient to the decisions by the higher level managers even if the decision is extremely inconvenient to them/.
Numerous number of consumers or buyers protects a firm from being forced to sell its products at an unfairly low price. This is one of the important reasons that a firm can sell its product at a good price. If the competition increases, then the firm has to beat the competition to get the required price, otherwise it might have to lower its price to hold on to its consumers.
