True or false: savings accounts generally offer a higher yield than money markets.

zalisa [80]

An entrepreneur is a person who starts a business and is willing to risk loss in order to make money” or “one who organizes, manages, and assumes the risks of a business or enterprise.”

6 0

4 years ago

Read 2 more answers

Your plan is to work for 40 years after graduations. You will invest monthly. You plan to start at the end of your first month w

Scrat [10]

Answer:

i. The present worth of the investment is:

= $47,876.51

ii. The investment account will have $9,304,816.43 after 40 years of dumping money into it.

iii. You can withdraw $33,093.11 monthly.

Explanation:

a) Data and Calculations:

Monthly investment = $300

Rate of salary increase = 6% per year.

Monthly increment in investment = 0.5%

Interest rate = 0.75% per month

Total increment = 1.25% per month (0.5% + 0.75%)

From an online financial calculator:

N (# of periods) 480

I/Y (Interest per year) 1.25

PMT (Periodic Payment) 300

FV (Future Value) 9304816.43

Results

PV = $47,876.51

N (# of periods) 480

I/Y (Interest per year) 1.25

PV (Present Value) 0

PMT (Periodic Payment) 300

Results

FV = $9,304,816.43

Sum of all periodic payments $144,000.00

Total Interest $9,160,816.43

Starting Principal $9304816.43

Interest / Return Rate 3

Inflation Rate 0

Years to Payout 40 years

Payout Frequency Monthly

Result

You can withdraw $33,093.11 monthly.

Total interest earned: $6,579,874.12.

8 0

3 years ago

An effective 12.68% per year, compounded monthly is the closest to:

Sergio039 [100]

Answer:

a. 12% per year

Explanation:

Effective interest rate

r = (1 + i/n)^n - 1

r = effective interest rate

i = simple interest rate compounded monthly

n = number of compound intervals

12.68% = ((1+i/12)^12)-1)

1+0.1268 = ((1+i/12)^12)

1.1268^(1/12) =1+i/12

1.010 = 1+i/12

1.010-1 = i/12

0.010 x 12 = i

i = 0.12 = 12%

8 0

3 years ago

Electronic products can be satisfying as well as frustrating for consumers. For example, a consumer may be highly satisfied with

Leni [432]

Answer: PANAS

Explanation:

PANAS is a positive and negative Affect Schedule, a self report questionnaire that has questions to evaluate the positives and negatives of a product or service. PANAS can be used to carry out customers research.

4 0

3 years ago

"The Four Ps and Three Cs form the basis of a simple model for TQM to take organizations successfully into the twenty-first cent

mezya [45]

The correct answer to this open question is the following.

"The Four Ps and Three Cs form the basis of a simple model for TQM to take organizations successfully into the twenty-first century".

This Total Quality Management system aims to constantly improve the activities, products, and services offered by an organization.

Explain your understanding of statements with examples in a business.

The principle of Focusing on Customer. This is the basis of companies such as Walmart, which are totally focused on offering 100% customer satisfaction in every interaction.

Employee involvement. Companies such as Home Depot offer continual training to offer employees tools to interact with customers.

Process centered. It is at the core of a "well-oiled" organization that has complicated operations. An example could be Federal Express's operations in their hubs.

Strategic approach. Insurance companies such as Met-Life had to implement good strategies to open new markets successfully.

Decision making. Tough decisions must be made almost on a daily basis. That is why companies such as Tesla keep the company as an attractive one to invest in it.

Communications. This is the basis of any company's success. Starbucks is known to promote open lines of communication between employees and managers, in order to understand the necessities of the company.

Total Control. The constant effort to improve, no matter the conditions or the presence in the market. The NFL is a great example of trying to change and innovate year after year.

8 0

3 years ago