Answer: The difference in the two future values is $2703.79.
We arrive at the answer at follows:
We need to find the future value of these investments.
<h3><u>
A. First investment Plan</u></h3>
We have
Principal $25,000
Interest rate per year (i) 12%
No. of years (n) 7
No. of compounding periods per year (m) 12 (monthly)
We can compute the Future Value (FV) of this investment with the following formula:
Substituting the relevant values in the formula above we get,
<h3>B<u>
. Second investment Plan</u></h3>
We have
Principal $25,000
Interest rate per year (i) 13%
No. of years (n) 7 No. of compounding periods per year (m) 2 (semi-annual)
We can compute the Future Value (FV) of this investment with the following formula:
Substituting the relevant values in the formula above we get,
<h3><u>C. Difference between the two Future values</u></h3>
Answer:
The solution would be for Mark's co-workers to call for an internal meeting with Mark. In the meeting, they would need to discuss all their issues ranging from mark's bike, to his actions in his work place.
Their is need for the workers to tell Mark that, his wet bike disrupt the work place making it unsafe during work. Also, they should tell him to lokk for another location where he will be parking his bike rather than bringing it inside the office.
Lastly, they should look for a subtle way to inform him about the need to take adequate care of his body and hair through appropriate grooming.
Explanation:
A) because that is they only one that actually makes sense
Answer: From the comprehension , we can state the following two arguments:
<u><em>(a.) If a poor corn harvest is predicted, prices of corn futures rise.</em></u>
<u><em>(b.) If a bountiful corn harvest is predicted, prices of corn futures fall.</em></u>
Also, it has been predicted that much-needed rain for the corn-growing region will start tomorrow.
Now, if the following is true, then it weakens the above argument:<em><u> Agriculture experts announced today that a disease that has devastated some of the corn crop will spread widely before the end of the growing season.</u></em>
Since, it has already been predicted that it'll rain in requirements with the growth of the crop but if the crops are destroyed before the growing season , then there will be a decrease in cultivation and thus the prices will rise.
<u><em>Therefore, the correct option is (D)</em></u>