Pn = P0(1+r)∧n
Pnis future value of P0
P0 is original amount invested
r is the rate of interest
n is the number of compounding periods (years, months, etc.)
P(n) = 2250(1+(.03/4)∧8
** since the interest is compounding quarterly, you need to divide the rate by 4, the number of quarters in a year.
Then you would do the math.
I would say that all of the following are steps to help you be a good problem solver except B and C. You need to define the problem and then set about creating solutions. For example, if it is becoming too expensive to haul ore out of an open pit because it its too deep so the haulage costs are prohibitive, then a potential solution involves decreasing haulage costs by shortening the haul which can be resolved by extending in pit conveyors and crusher down close to the ore deep within the pit.
Answer:
There is no data given in the question, a similar question is attached with this answer and answer was made accordingly.
Comparative Statement is made in the MS Excel File which is attached with this answer, Please find it.
Explanation:
a.
All the items except the president salary are relevant to the segment A, because these costs are particularly for incurred for Seg. A. A a single unit the Segment A is making the profit of $11,000. Allocation of president salary is the major reason for the loss.
b.
Keeping Segment A makes is a more profitable decision than Eliminating the segment A. because share of president salary associated with segment A is allocated to other segments and Segment A was contributing $11,000 in the president salary at break-even. This contribution is lost when we Eliminate the Segment A.
Answer:
10.64 years
Explanation:
To find the number of years , use this formula :
FV / PV = (1 + r) ^n
FV = Future value = $1 million
P = Present value = $560,000.
R = interest rate = 5.6%
N = number of years
$1,000,000 / $560,000 = (1.056)^n
1.785714 = (1.056)^n
Find the In of both sides
n = 10.64 years
Answer:
<u>Investment analyst</u>
<u>Explanation:</u>
Since the team is thinking of investing in Wizard’s stock but has not yet decided it is the role of an investment analyst to prepare a detailed report on the stock’s performance and investment potential (from his personal experience) of Wizard's stock.
It is the result of the report that would <em>guide the team's decision</em> of investing or not.