If the sub division is located in Florida, they would most likely to hire hispanic immigrants.
Compnanies in united states view these immigrants as workers who could be hired for less money compared to local eemployees.
Due to the amount of hispanic immigrants, spanish language may be quite often in people's day to day life
It will take 8.04 years for the initial investment of $15000 to become $30,000
What is the future value of an investment?
The future value of $15,000 invested now earning a rate of return of 9% per year is $30,000, it the future equivalent of an amount invested now when the invested amount has earned interest over a specific period of time.
The below future value formula of single cash flow can be used to determine the number of years it takes for the initial investment to double.
FV=PV*(1+r)^N
FV=future value=$30,000
PV=initial investment=$15,000
r=rate of return=9%
N=number of years it takes for the initial investment to double=unknown(assume it is X)
$30,000=$15000*(1+9%)^N
$30000/$15000=(1+9%)^N
2=1.09^N
take log of both sides
ln(2)=N*ln(1.09)
N=ln(2)/ln(1.09)
N=8.04 years
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I think the answer is problem solver (but I’m not 100% sure)
On average, someone with a Bachelor's degree is estimated to
earn 84% more than someone with a high school diploma.
According to the analytics of National Center for Education
Statistics (NCES), those who have college degrees can earn significantly more
compared to those with only high school diploma.
