Answer:
(i) 7.54%(Approx).
(ii) $8,995,138.42(Approx).
Explanation:
Given that,
Winner’s prize money = $220
In 2016,
Winner’s check = $1,460,000
We use the formula:
Where
,
A=future value
P=present value
r=rate of interest
n=time period.
n = 2016 - 1895
= 121
(a)
(1+r/100) = 1.075440035
r = (1.075440035 - 1) × 100
= 7.54%(Approx).
(b)
n = 2041 - 2016
= 25
= 1,460,000 × 6.161053698
= $8,995,138.42(Approx).
The step transforms the item toward completion (something changes)
The step is done right the first time (not a rework step)
The customer cares (or would pay) for the step to be done.
<u>Answer:</u> Speculation.
<u>Explanation:</u>
Carlos tries to make a profit through exchange rates. Carlos is a speculator who tries to make profit through market fluctuations. The strategy is a risky strategy as the speculators based on their knowledge about the market make decisions accordingly.
Carlos is planning to receive the appreciated value of British Pounds so that he receives the same amount as mentioned in the contract but makes profit out of exchange rates and books FX profits in his books of accounts.
<span>The direction that Lucas's motor development is proceeding is from his midline to his extremities. This is also similar to what is known as crossing the midline, which is when a child has mastered the bilateral skill which allows them to do tasks such as touching an elbow, crossing both ankles or as Lucas reading left to right.</span>