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mars1129 [50]
3 years ago
14

Paul wants to accumulate $14,500 for the down payment for a new condo. He plans to start investing $2,500 annually beginning tod

ay. The investment account will pay 10 percent interest compounded annually. How long would it take him to accumulate enough money to make the down payment
Business
1 answer:
ddd [48]3 years ago
3 0
$14,500 +. 2,500 = 17,000 / 10 = 170.0 totally answer
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Imagine you work as a project manager for a bridge building company. The city has chosen your company to complete a new bridge t
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When meeting with your team members to discuss your bridge construction project schedule, the listening style that will help you achieve your goals is the time-oriented style.

<h3 /><h3>Listening styles</h3>

Four listening styles were developed by Barker (1971) and Watson (1995) that should be used according to the individuals' purposes. Are they:

  • People oriented
  • Content oriented
  • Action oriented
  • Time oriented

Therefore, as there has been a change in the schedule with the shortening of the deadline for the completion of the bridge, it is necessary that the time-oriented listening style will assist in the development of the best strategy for meeting the deadline.

In this style of listening, the focus is on time management, in search of objective and quick answers that go straight to the point and generate faster processes.

Find out more information about listening styles here:

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8 0
3 years ago
In the broadest sense, economics studies the choices that
olya-2409 [2.1K]
Consumers make that affect the decisions of the suppliers.
5 0
3 years ago
A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve
BlackZzzverrR [31]

Answer:

a. Determine the total charge under each plan for this case: 120 minutes of day calls and 40 minutes of evening calls in a month.

  • Cost for Plan A = ($0.41 x 120) + ($0.16 x 40) + $20 = $ 75.60
  • Cost for Plan B = ($0.51 x 120) + ($0.15 x 40) + $20 = $ 87.20
  • Cost for Plan C = $80 + $20 = $100

b. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal?

  • If the agent will use the service only for daytime calls, Plan A is better if the agent uses 195 minutes maximum. If the agent expects to use 196 or more minutes, then Plan C is better.

c. Suppose that the agent expects both daytime and evening calls. At what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans A and B?

  • Plan A charges 10¢ less per daytime minute, while plan B charges 1¢ less for evening minutes, that means that the proportion of daytime calls should be 1/11, while the proportion of evening calls should be 10/11.

7 0
4 years ago
A 65-year-old retiree wishes to convert the cash value of his insurance policy into an annuity. He can select an annuity that wi
insens350 [35]

Answer:

The annual difference between Option 1 (15 years) and Option 2 (20 years) is $7,211.19 in favor of the first one.

Explanation:

Giving the following information:

Option 1:

Number of years= 15

FV= 450,000

i= 0.0525

Option 2:

Number of years= 20

FV= 450,000

i= 0.0525

To calculate the annual cash flow, we will use the following formula on each option:

A= (FV*i)/{[(1+i)^n]-1}

A= annual cash flow

<u>Option 1:</u>

A= (450,000*0.0525) / [(1.0525^15) - 1]

A= $20,464.72

<u>Option 2:</u>

A= (450,000*0.0525) / [(1.0525^20) - 1]

A= $13,253.53

The annual difference between Option 1 (15 years) and Option 2 (20 years) is $7,211.19 in favor of the first one.

5 0
3 years ago
Saturn Corporation issued $300,000 par value 10-year bonds at 107 on January 1, 20X3, which Star Corporation purchased. Pluto Co
taurus [48]

Answer:

a. $8,000 gain

Explanation:

The face value of the bonds purchased by Pluto Corporation are $120,000. The bonds are purchased at discount of $1,980.  The bonds have carrying value of $126,019 at the time of purchase. The net gain or loss is calculated by the difference between two values.

$120,000 - $126,019 - $6,019

The discount amount of the bond was $1,980.

Total gain on the bonds approximately ($6,019 + $1,980) = $8,000

8 0
3 years ago
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