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omeli [17]
3 years ago
5

Find the time required for an investment of 5000 dollars to grow to 8400 dollars at an interest rate of 5.8 percent per year, co

mpounded weekly.
Business
1 answer:
dimulka [17.4K]3 years ago
4 0

Answer:

It will take 464 weeks.

Explanation:

Giving the following information:

Future value (FV)= $8,400

Present value (PV)= $5,000

Interest rate (i)= 0.058/52= 0.00112

<u>To calculate the number of weeks required to reach the objective, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(8,400/5,000) / ln(1.00112)

n= 463.47 = 646

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Which of the following is NOT a useful strategy when making an informed purchase
Levart [38]

Answer:

Based on the options you have mentioned under the "comments" section, I'd choose option A. Its not useful to let social media influence you and do the deciding for you!

Explanation:

Looking at the price, comparing the cost and quality of various similar products, reading and analyzing the product reviews are all great ways to be informed and educated before spending your hard earned cash on something.

However, getting influenced through social media or through any media and letting the fancy words, graphics and quotes in marketing campaigns cloud your rational judgement is not very wise (its actually Stupid!) of course they influence you in some way, yet you must always decide rationally through logical reasoning.

Do I really need this? Are there any other products with the same quality at a lower price? Why is this so expensive? How long will it last? are some of the other basic questions you should answer before making a purchase. In the process of fining answers to such questions, you'll eventually make an informed purchase!

5 0
4 years ago
At the time of her​ grandson's birth, a grandmother deposits $4000 in an account that pays 5% compounded monthly. What will be t
defon

Answer:

$874,507,135

Explanation:

To find the final capital, we use the compound interest formula:

Final Capital (FC)= Initial Capital (IC)*[(1+interest(i))]^(number of periods(n))

The problem is givining this information:

IC= $4000

i= 5% compounded monthly

n=21 (is it 21 because the grandmother started at the granson´s birth, if she would started when the baby had 1 year, then n=20 and so on)

Before we apply the formula, we have to notice that there is and inconsistency. The interest rate is compounded monthly but n is in years. So, we must change <em>i</em> or <em>n. </em>We will change the interest.

First, we have to transform the periodic interest rate into an Effective Annual rate using this formula:

Effective Annual rate= [(1+periodic interest)^(n)] -1

Effective Annual rate= [(1+5%)^(12)]-1= 79,59%

Now, we can apply the first formula:

FC= $4000*(1+79,59%)^(21)= $874,507,135

4 0
4 years ago
Peter offers his manager some suggestions for a new holiday display. His manager shrugs his shoulders and tells Peter that the d
Sunny_sXe [5.5K]

Answer:

Equity Theory.

Explanation:

As Peter offers his manager some suggestions for a new holiday display. His manager shrugs his shoulders and tells Peter that the display is all set. Then Sarah approaches the manager with an idea for the display, and the manager tells her that it’s a great idea. Equity theory is the model of motivation that explains how Peter is striving for fairness and justice. Equity theory explains that employees should be treated equally and fairly in order to keep them motivated at the workplace. If employees started feeling that they not being treated fairly then they will dissatisfied and demotivated at the workplace which will definitely reduces their work productivity. Human beings are motivated when they are treated fairly and equally.

6 0
3 years ago
Which of the following is a poor reason to choose a profession?
olga_2 [115]
The answer is C because you have to love what you want to become in order to succeed in life and letter C represents a poor reason to choose a profession because if for example you decide to become a teacher and you don't like the job, but the salary then you would not be more than a failure.
5 0
3 years ago
Read 2 more answers
Bond Calculations: 1) Avon Products Note 06.5% Coupon: 6.500% Maturity 5 years Rating: Moodys: BAA3 Price: $108.093 Calculate: Y
rewona [7]

Answer:

Answer for the question:

Bond Calculations: 1) Avon Products Note 06.5% Coupon: 6.500% Maturity 5 years Rating: Moodys: BAA3 Price: $108.093 Calculate: Yield to maturity S&P: BBB- 2) SAFEWAY INC SR NT 5.00000% Coupon: 5.000% Maturity: 5 years Rating: Moodys'BAA3 Price: $101.180 S&P: BBB a) Calculate: Yield to maturity b) Suppose the bond is callable in 3 years at $ 110. Using the price above find the yield to call Hint: use the FV to be $110 instead of $ 100. And the time to maturity 3 years instead of 5 years

Is given in the attachment.

Explanation:

3 0
3 years ago
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