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kkurt [141]
3 years ago
11

George Bennet wants to give his son $20,000 upon completion of his college education. If he invests $5,500 now in an account ear

ning 9% annual interest, approximately how many years will it take for him to achieve his goal
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
6 0

Answer:

It will take 16.09 years.

Explanation:

Giving the following information:

Future value= $20,000

Present value= $5,000

Interest rate= 9%

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

n= ln(FV/PV) / ln(1+i)  

n= ln(20,000 / 5,000) / ln(1.09)

n= 16.09

It will take 16.09 years.

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Luba_88 [7]

Answer:ooooooooooooooooooooooooooooooooooooooooooooooooookkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk

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3 0
3 years ago
Read 2 more answers
Sémeuo is a German transnational food and beverage company. Recently, some of the products were rejected by the quality control
marin [14]

Answer:

D, a pareto diagram

Explanation:

The pareto diagram was named after the discoverer of the diagram/technique, Vilfredo Pareto. He used the diagram in his study of wealth and poverty in Europe in the 1900s.

The pareto diagram is a bar chart that ranks related events in decreasing other of occurrence. It contains both a bar and line graph. The individual events are recorded by the bar while the total event is recorded by the line graphs.

In the above question, for Clarissa to identify defects, she has to use Pareto diagram which will have the defects represented by the bar and the total production process by the line graph. This helps her to find out the stage in production where the defects started from and how much effect it has onn the production process.

Cheers.

4 0
3 years ago
What does “Barbarian” mean?
diamong [38]

Answer:

it means u mad bro?

Explanation:

7 0
2 years ago
Read 2 more answers
When it comes to fraud committed by an organization’s employees, the single most effective fraudprevention technique is _______.
Maurinko [17]

Answer:

C

Explanation:

5 0
3 years ago
Your investment has a 20% chance of earning a 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance
ANTONII [103]

Answer:

a: 12.8%

Explanation:

Standard Deviation would be calculated with the probability approach since there is probability given in the question.

  • Formula of Standard Deviation and the solution is given in the pictures below.
  • Although ERR the required part to calculate Standard Deviation is calculated in the text.

Calculating ERR:

ERR= Sum of Probabilities × Rate of returns.

In our question = ERR= 0.2 × 30% + 0.5 × 10% + 0.3 × (-6%) = 0.128 = 12.8%

Thus, by putting all the values in the formula you will get the answer 12.8%.

4 0
3 years ago
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