Answer:
$3,129,414.40
Explanation:
i = 18% compounded monthly = 18% / 12 = 1.5% = 0.015
n = 2 yrs = 2 * 12 = 24 months
Growth(g) = 1% = 0.01
Present value of geometric series = A * [1 - (1+g)^n / (1+i)^n] / (I - g)
Present value of geometric series = $140000 * [1 - (1+0.01)^24 / (1+0.015)^24] / (0.015 - 0.01)
Present value of geometric series = $140000 * 1 - 0.8882352 / 0.005
Present value of geometric series = $140000 * 0.1117648 / 0.005
Present value of geometric series = $140000 * 22.35296
Present value of geometric series = $3,129,414.40
Thus, the present worth of the savings at an interest rate of 18% per year, compounded monthly is $3,129,414.40
Answer:
Vanessa’s <u>task-oriented</u> leadership behavior is likely to be <u>ineffective</u> because <u>l</u><u>ow position power</u> <u>neutralizes</u> this leadership behavior.
Explanation:
Vanessa is a newcomer to a company, with less time and acting experience than her staff, so her leadership behavior will be offset by her low position power. This occurs when an employee's hierarchical position does not allow certain actions, so Vanessa's actions would be neutralized and ineffective, having no impact on decision making.
If the price of natural gas rises, the price elasticity of demand is likely to be the highest one year after the price increase.
<h3>What is the price elasticity of demand?</h3>
A measure of a product's consumption shift in response to a price change is called price elasticity of demand. The quantity shift in percentage terms divided by the price change in percentage terms is used to determine the price elasticity of demand.
The price elasticity of demand would probably be at its peak if the price of natural gas increased. Elasticity will be strongest in the long run since consumers would start exploring alternatives as a result of ongoing price increases.
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It is an elastic good and to increase the revenue, the producer should decrease the price of the good.
<u>Explanation:</u>
The good that has a price elasticity of demand with a coefficient of 1.6, the good is said to have elastic demand. For such a good, the producer should decrease the price of that good to increase its revenue. With the decrease in the price, the demand of the good will increase significantly. This will help him increase his revenue.
Explanation:
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