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kondor19780726 [428]
3 years ago
10

Jose graduated in engineering 5 years ago. Hisemployer will give him a raise of $10,000 per yearif he passes the PE exam (Profes

sional Engineer).(a) Over a career of 35 years, what is the presentworth of the raise if the interest rate is 8%
Business
1 answer:
Verdich [7]3 years ago
3 0

Answer:

$116,545.68

Explanation:

The first step is to find the future value of the annuity

The formula for calculating future value = A (B / r) B = [(1 + r)^n] - 1

[(1.08)^35 - 1 ] / 0.08 = 172.316804

172.316804 X $10,000 = $1,723,168.04

The second step is to calculate the present value

PV = FVx ( 1 + r)^-n

= $1,723,168.04 x(1.08)^-35 = $116,545.68

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4 0
3 years ago
A goal programming problem had two goals (with no priorities assigned). Goal number 1 was to achieve a profit of $2,400 and goal
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Answer:

100

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Since the goal programming problem had two goals. Goal number 1 was to achieve a profit of $2,400 and goal number 2 was to have no idle time for workers in the factory. The optimal solution to this problem resulted in a profit of $2,300 and no idle time

This means that goal number 2 was achieved since the optimal solution resulted in no idle time. But goal number 1 was not achieved because a profit of $2300 was achieved in the solution instead of $2400.

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3 years ago
Explain two business objectives a business might have<br><br> Will give BRAINLIEST
JulijaS [17]
Productivity of People and Resources
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2 years ago
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tia_tia [17]

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General; limited; limited.

Explanation:

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2. Limited partner: it is a type of partnership in which people come together and have an agreement to do business but the involved partners only contribute financially and solely responsible to the amount of money they invested.

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nexus9112 [7]

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If all firms expect greater demand for their products or services, they will hire more resources like labor and capital and the economy will experience growth.

For an economy to grow, human capital, labor force, and technology can not be exempted. The quality of the materials used also plays a vital role as well. Once all these are in place, then the economy while start experiencing turn around.

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