Answer:
future value = 232369.1361
return % = 384.10 %
Explanation:
given data
principal = $100 per month
time = 40 year = 480 months
rate = 6.25 % yearly = 0.0625 yearly = 0.005208 monthly
to find out
total amount of capital at the end of your investment and percentage is your total return
solution
so here future value formula is
future value = P ..........1
here r is rate and t is time and P is principal
so put all value
future value = 100
future value = 232369.1361
so
Total capital at the end of investment-Total principle invested over the years
232369.1361 - 100 ( 12 × 40 )
184369.1361
so
Return % = × 100
return % = 384.10 %
The managers at Peter’s company have an Autocratic environment.
<u>Explanation:</u>
The managers who are autocratic in nature make decisions on their own. They will never get insights of their employees and they will not take the inputs of them in taking any decisions. This type of management is suitable in an organisation where there is an urgent need to taking decisions to any matter.
Managers who are autocratic in nature will make decisions without consulting anyone's advice. This type suits those organisations wherein there are very less number of employees. Here, the manager of Peter did not consulted peter in making decisions related to him, the environment is authoritarian or autocratic.