The compound interest has the capacity to capitalize on the interest of the previous period, that is to say that it converts the interest earned in a period into capital for the following one, in this way the formula of the compound interest is:
Where is the future value or capital that will remain, the present or initial value, the interest rate per period and the number of periods to be capitalized, in this case we have a present value of <em>$2,500</em>, a quarterly rate of <em>7.3%</em> , that is to say <u>4 in a year</u>, as they are 5 years, we obtain <em>4 * 5 = 20</em> periods, with this we calculate
Answer
$<em> </em>10,231.39 will remain in the account
<span>The
type of physical ability is the fire department measuring is called <u>“Stamina”</u>.
</span>
<span>Strength
is one thing, the ability to continue exerting the same amount of strength over
time is called stamina. Stamina is important especially in quick-response jobs
which usually cater to emergencies</span>
Without having a plan in place, managers may focus only on whatever in front of them instead of keeping a long-range view and anticipating new opportunities.
<h3>What is planning?</h3>
Planning can be regarded as one of the function of management which requires the manager to set a goal as well as objectives that is needed to work on.
Therefore if a manager fails to plan, there wont be a direction and this will not allow him to achieves those goals and objectives and this will affect the future of the organization.
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Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning. Start planning for retirement as soon as you can to take advantage of the power of compounding.
Planning for retirement is making preparations for your future so that you can continue to achieve all of your objectives and desires on your own. Setting your retirement goals, calculating how much money you will require, and making investments to increase your retirement savings are all included in this. Every retirement strategy is different.
Planning for retirement is crucial because it might prevent you from running out of money in later life. Your strategy can assist you in determining the rate of return you require on your assets, the appropriate level of risk, and the maximum amount of income you can safely draw from your portfolio.
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Answer:
True.
Explanation:
An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.
Basically, the organizational structure comprises of three (3) main dimensions and these are;
I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).
II. The horizontal dimension: this divides the organization into subunits.
III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.
In the vertical dimension of an organizational structure, decentralization can be defined as a practice which typically involves giving decision-making authority to the lowest chain of command.
This ultimately implies that, in a decentralized organization, decision-making authority and power isn't concentrated at the top level (echelon) of the organization.
Hence, a decentralized management style is more likely to result in higher agency costs because the subsidiary managers may make decisions that do not focus on maximizing the value of the entire multinational corporation (MNC).