If Mary Corens borrowed $12000 in student loans at an annual interest rate of 9% and repays $1500 per year it will take 8 years to repay the loan.
Given that Mary Corens borrowed $12,000 at an annual interest rate of 9% and is repaying $1,500 per year. The formula to find the number of years to repay a loan amount is given by:
PMT = (PV * r) / (1 - (1 + r) ^ (-n))
Where PV is the present value of the loan (the amount borrowed), r is the annual interest rate, n is the number of years it will take to repay the loan, and PMT is the fixed payment made each year to repay the loan.
Using this formula, we can find the value of n as follows:
PMT = (PV * r) / (1 - (1 + r) ^ (-n))
Solving for n:
(PV * r) / PMT = 1 - (1 + r) ^ (-n)
(PV * r) / PMT - 1 = -(1 + r) ^ (-n)
1 - (PV * r) / PMT = (1 + r) ^ (-n)
(1 - (PV * r) / PMT) ^ (-1) = (1 + r) ^ n
Taking log on both sides, we get:
n = log [(1 - (PV * r) / PMT) ^ (-1)] / log (1 + r)
n = log [(1 + (12,000 * 0.09) / 1,500) ^ (-1)] / log (1 + 0.09)
n = log [(1 + 0.09) ^ (-1)] / log (1.09)
n = log (0.9174) / log (1.09)
n ≈ 8.43
Thus, it will take Mary approximately 8 years to repay the loan. To the nearest year, the answer is 8.
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what happens to the unemployment and inflation if business investment decreases in the short run?
which one of these is an example of a necessary debt
Answer:
An example of unnecessary debt is when you change your clothes and don't really need on a high-interest score. Thus option C is correct.
What is unnecessary debt?
An unnecessary debt can be caused by a variety of issues such as expensive life events, having children, or moving to a new house. It may also be due to poor money management. The debt is due to those things that are not needed and hence are unnecessary.
Explanation:
identify three of many shared ethical standards among businesses
Answer:
✓ Social responsibility, fair pricing, truth in advertising
Explanation:
Calculate China’s RGDP growth rate in 2006, the growth rate of real GDP per person in 2006 (using the approximation formula), and the approximate number of years it will take for real GDP per person in China to double if the 2006 economic growth and population growth rates are maintained.
China’s RGDP growth rate in 2006 was _______ percent. Round up your answer to the first decimal. China’s growth rate of real GDP per person in 2006 (using the approximation formula) was ______ percent. Round up your answer to the first decimal.
It will take China approximately _______ years to double its real GDP per person. Round up your answer to a full number (no decimals).
Answer:
China’s RGDP growth rate in 2006 was 8.2% percent. Round up your answer to the first decimal. China’s growth rate of real GDP per person in 2006 (using the approximation formula) was 7.7% percent. Round up your answer to the first decimal.
It will take China approximately 9 years to double its real GDP per person. Round up your answer to a full number (no decimals).
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
In 2005 China's RGDP was 7,394 billion yuan. In 2006 its RGDP was about 8,000 billion yuan. China's population was 1,306.6 million in 2005 and 1,313.1 million in 2006.
Calculate China's RGDP growth rate in 2006, the growth rate of real GDP per person in 2006 (using the approximation formula), and the approximate number of years it will take for real GDP per person in China to double if the 2006 economic growth and population growth rates are maintained.
China's RGDP growth rate in 2006 was _______ percent. Round up your answer to the first decimal. China's growth rate of real GDP per person in 2006 (using the approximation formula) was ______ percent. Round up your answer to the first decimal.
It will take China approximately _______ years to double its real GDP per person. Round up your answer to a full number (no decimals).
The explanation to the answer is now given as follows:
a. Calculate China’s RGDP growth rate in 2006. Round up your answer to the first decimal.
This can be calculated using the following formula:
China’s RGDP growth rate = (2006 RGDP - 2005 RGDP) / 2005 RGDP = (8,000 - 7,394) / 7,394 = 0.0820, or 8.2%
b. Calculate the growth rate of real GDP per person in 2006. Round up your answer to the first decimal.
This can be calculated using the following formula:
China’s RGDP per person growth rate = (2006 RGDP per person - 2005 RGDP per person) / 2005 RGDP per person ............... (1)
Where;
2006 RGDP per person = 2006 RGDP / 2006 population = 8,000 / 1,313.1 = 6.09245297387861 billion yuan
2005 RGDP per person = 2005 RGDP / 2005 population = 7,394 / 1,306.6 = 5.65896219194857 billion yuan
Substituting the values into equation (1) above, we have:
China’s RGDP per person growth rate = (6.09245297387861 - 5.65896219194857) / 5.65896219194857 = 0.077, or 7.7%
c. The approximate number of years it will take for real GDP per person in China to double if the 2006 economic growth and population growth rates are maintained. Round up your answer to a full number (no decimals).
To calculate this, the rule of 70 is used as follows:
Number of years for Real GDP per person to double = 70 / China’s RGDP per person growth rate = 70 / 7.7 = 9 years
financial planning includes which of the following for a firm? i. determination of asset requirements ii. analysis of funding options iii. development of plans to contend with unexpected events iv. establishment of priorities
Financial planning includes determination of asset requirements, analysis of funding options, development of plans to contend with unexpected events, and establishment of priorities for a firm. This statement is true.
Financial planning refers to the process of determining how a business will afford to achieve its strategic goals and objectives. A financial plan outlines the resources a firm requires to achieve its goals, and it outlines the priorities it must establish to achieve success. Financial planning is often conducted by businesses to ensure they achieve their goals and objectives while also ensuring that they remain financially stable.
There are several components of financial planning, which are as follows:
Determination of asset requirements
Analysis of funding options
Development of plans to contend with unexpected events
Establishment of priorities
Determination of asset requirements refers to the process of determining the resources a business requires to achieve its goals. The analysis of funding options entails identifying the sources of funds a company may employ to achieve its strategic objectives. Development of plans to contend with unexpected events refers to the process of developing contingency plans to mitigate financial risks. Establishment of priorities refers to the process of setting goals and objectives in order of importance to ensure a company allocates resources properly.
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What "Super Union" had taken on railroad companies and factories to improve the conditions for workers?
( 1 )
Knights of Labor
( 2 )
International Workers of the World (IWW)
( 3 )
American Federation of Labor (AFL)
( 4 )
American Railway Union (ARU)
Explanation:
4th one is the answer
American Railway Union (ARU)
A computer technician charges a flat fee of $35 to repair a computer in addition to an hourly rate of $22. 50. The technician has calculated he will earn at least $215 from his next repair job. Which inequality can be used to determine the number of hours, h, that the technician will work on his next job?.
inequality can be used to determine the number of hours,
Calculate the hourly rate by dividing the number of hours worked (22.5h) by the flat charge (22.5h + 35), and the result must be equal to or higher than the amount he anticipates earning 22.5h + 35 ≥ 215 , with a solution of h ≥ 8
In mathematics, inequalities specify the connection between two non-equal numbers. Equal does not imply inequality. Typically, we use the "not equal sign ()" to indicate that two values are not equal. But several inequalities are utilized to compare the numbers, whether it is less than or higher than.Inequality examples: what are they?
The equation-like form of the formula 5x 4 > 2x + 3 has an arrowhead in place of the equals sign. It is an illustration of inequity. This shows that the left half, 5x 4, is bigger than the right part, 2x + 3.
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how are wages determined in a free market?
Answer:
Classical economists argue that wages—the price of labor—are determined (like all prices) by supply and demand. They call this the market theory of wage determination. ... Long story short: the price of labor is determined in the free market just like every other price, by the intersection of supply and demand.
Explanation:
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Which type of bankruptcy leaves your credit report sooner?
define sale trading
Answer:
A trade sale is the sale of a company, or part of a company, to another business that will carry on the company's trade
at a 3 percent rate of inflation, approximately how many years will it take for prices to double? multiple choice 21 years 30 years 24 years 15 years 9 years
When there is a 3 percent rate of inflation, the approximate number of years it would take for prices to double is C. 24 years.
How to find the doubling time ?When given a rate of increase, you can find the amount of time it would take the measure to double by using something called, " The Rule of 72. " The Rule of 72 is a mathematical rule that posits that you can find the doubling time of a measure if you have the growth rate of that measure, by dividing 72 by that growth rate, with the growth rate being a whole number.
This means that if you have a 3 percent rate of inflation, the number of years it would take for prices to double is :
= 72 / Inflation rate as a whole number
Inflation rate as a whole number is 3 percent.
The number of years for prices to double is therefore:
= 72 / 3
= 24 years
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which form of identification is acceptable under federal law for an adult purchasing a regulated product?
You must Check the print ID of everyone showing up under the age of 27 who attempts to buy FDA- regulated products and certify the client is of legitimate age to buy.
Unless else needed by state or original act, FDA recommends that retailers take over only government-published photographic identification with the deliverer’s date of birth. (e.g., State- issued motorist’s allowance or identification card, military identification card, passport, or immigration card) for demonstrating a legitimate age to buy FDA- regulated tobacco products. The Photo ID isn't respectable if it has expired.
FDA has a variety of enforcement tools to contend with, with retailers who break Federal bills or rules, containing civil money penalties, advising letters, seizures, injunctions, no-trade disposals, and/ or felonious execution. Retailers who violate the regulations may also violate state law and be subject to state penalties or other affiliated orders. Civil law provides that the FDA shall borrow rules that may give any retailer that implements the “ approved training program, ” a reduced civil plutocrat penalty if that the retailer is set up in violation.
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3. The owner of a specialty delicatessen buys baskets, decorates and fills them with food items, and
sells them as one of the products in the shop. The entrepreneur sells an average of 130 baskets a
month The basket supplier charges $0.50 per basket. The entrepreneur would like to reduce his
variable costs and has found a basket supplier who will charge only $0.40 per basket. How much
will the delicatessen owner save in a year by changing suppliers?
Answer:
$156
Explanation:
he old price per basket is $0.50 per basket
the new supplier has a price of $0.40 per basket
Savings per basket is $0.10 ($.50- $0.40)
The average sales per month are 130 baskets.
The average savings per months will be
=$0.10 x 130
=$13
yearly savings will be
=$13 x 12 months
=$156
HELP ASAP PLEASE
The CPI is calculated by comparing
the spending levels at the beginning of
each year to the end of each year. In
this way, the calculation is similar to
what?
A. Unemployment
B. Inflation
C. Circular Flow Model
Answer:inflation
Explanation:
Gilroy Crackers enjoys a competitive advantage as a cost leader because high demand for its products has allowed it to operate at the minimum efficient scale. Which of the following scenarios would be most concerning to the managers of Gilroy Crackers?
A) Gilroy's leading competitor develops a new low-sodium product.
B) Gilroy's most reliable production worker takes a job in another industry.
C) A major winter storm shuts down Gilroy's production for several days.
D) A wheat shortage raises input costs across the industry.
Answer:
The answer is C. A major winter storm shuts down Gilroy's production for several days
Explanation:
Being a cost leadership means one has a competitive advantage by producing at the lowest cost in the industry. Cost leadership is characterised by company efficiency, size etc.
Gilroy Crackers would be most concerned about a major winter storm shuts down Gilroy's production for several days because Gilroy won't be able to utilize its capacity and the raw materials already bought might turn to a waste through to lack of usage.
Also, some of its needed machineries might have also been rendered useless by the storm.
As a manager, Kelly must communicate to her employees some bad news that will likely upset them. What is the best advice for her to follow when communicating this bad news?
When communicating bad news to employees, the following advice can help Kelly as a manager must be Transparent, Choose the Right Setting, Show Empathy, Provide Context and Explanation, Follow-Up and Support.
Be Transparent: It is crucial to be open, honest, and transparent about the bad news. Avoid sugarcoating or misleading information, as it can erode trust and credibility.
Choose the Right Setting: Select an appropriate setting that is private and allows for open communication without distractions. This ensures employees feel comfortable expressing their thoughts and emotions.
Show Empathy: Display empathy and understanding towards employees' feelings and reactions. Acknowledge their emotions and provide support while delivering the news.
Provide Context and Explanation: Clearly explain the reasons and factors behind the bad news. Offer context, background information, and a comprehensive explanation to help employees understand the situation better.
Offer Solutions or Alternatives: Whenever possible, present potential solutions or alternatives to mitigate the impact of the bad news. This demonstrates a proactive approach and shows that efforts are being made to address the situation.
Encourage Questions and Listening: Create a safe space for employees to ask questions and express their concerns. Actively listen to their perspectives and provide thoughtful responses to foster open dialogue.
Follow-Up and Support: Offer ongoing support to employees following the bad news. Provide resources, guidance, and assistance to help them navigate the situation and cope with any potential challenges.
By following these guidelines, Kelly can communicate bad news in a compassionate and effective manner, maintaining trust and fostering a supportive environment within the team.
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In theory, what conditions must exist to have pure competition among businesses in the same
industry? Select ALL that apply.
A. Businesses have the freedom to enter or leave the industry.
B. Businesses make and sell identical products that require no advertising.
C. Government intervention ensures that businesses in the industry stay competitive.
D. Large numbers of buyers and sellers ensure that no single group can affect product price.
Answer:
A. B. D.
Explanation:
the answer is the three letters above
Assume your company’s sales increased from $3 million last year to $10 million this year. However, your biggest competitor is still the market leader with a 40% share of the $200 million widget market. Your other four competitors had sales this year of $53 million, $38 million, $12 million, and $7 million, respectively. For this year, what is your company’s MARKET SHARE? Type only a number along with a $ or % (if appropriate). Dollar amounts should be rounded to the nearest cent; percentages to the nearest tenth. *
Answer: 5%
Explanation:
The market share for the company will be gotten using the formula:
= Sales generated by company / Total industry sales × 100
= 10/200 × 100.
= 5%
Therefore, the company's market share is 5%
Document five potential specific investments that would be a good fit for your portfolio now or in the future
just any five will do I don't care
1. Real Estate Investment Trusts (REITs): REITs are publicly traded companies that own and manage a portfolio of real estate properties. They offer a diversified portfolio of investments in commercial and residential properties and provide relatively high yields.
2. Exchange Traded Funds (ETFs): ETFs are investment funds that trade on exchanges like stocks. They provide a low-cost, diversified portfolio of stocks, bonds, and other securities, and can be a great way to get exposure to different asset classes.
3. Mutual Funds: Mutual funds are professionally managed portfolios of stocks, bonds, and other securities. They offer a diversified portfolio of investments and make it easy to get started in the stock market.
4. International Stocks: Investing in international stocks can give you access to a wider range of potential returns. International stocks can be volatile, but they offer the potential for higher returns than domestic stocks.
5. Bonds: Bonds are a type of debt investment that can provide a steady stream of income. They generally offer lower returns than stocks but can provide a more stable return over time.
the greater the dash the easier the object will move
Answer:
correct. its true and I absolutely agree with you. good job
Explanation:
Bc y=2x-1^3 is the equation
the chartered global management accountant (cgma) designation can be earned by accountants. what areas of advanced knowledge are tested on the cgma exam?
Finance, Operations ,Strategy and Management are the areas of advanced knowledge are tested on the CGMA exam.
What kind of accountant is CGMA?Certified in Global Management Accounting (CGMA) Professionals that excel in finance, operations, strategy, and management are given the CGMA title. To retain the maximum relevance with companies and build the most in-demand competencies, it is supported by thorough global research.
CGMA vs. CMA: Which is superior?The CMA exam includes a considerably greater variety of management accounting topics than the CGMA exam. In other words, if your ultimate aim is to gain management accounting knowledge and skills to increase your impact at work, the CMA accreditation is the way to go.
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Which of the following jobs is expected to double in the next few years?
nurse
automobile mechanic
real estate salesperson
computer engineer
Answer:
real estate salesperson
Computer Engineer
I have to write at least 20 characters to post this.
Which of the following is NOT a type of account offered by commercial banks to the public?
(A) Trade account
(B) Savings account
(C) Current account
(D) Fixed deposit account
Trade accounts are NOT a category of accounts that commercial banks provide to the general public.
Which of the following is NOT a type of account offered by commercial banks to the public?Trade accounts are frequently made available by suppliers to their clients, enabling them to order goods and solutions on credit and pay for them later. These accounts have no connection to services offered by commercial banks, such as savings, credit, and time deposits accounts. However, commercial banks also provide the general public with additional sorts of accounts, including bank deposits, bank deposits, and fixed deposit accounts. Savings accounts let users put money in and take it out while collecting interest; credit lines are used for day-to-day transactions; and fixed deposit accounts, which provide higher interest rates but call for locking in the money for a set time period.
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3. Which of the following is consistent with the basic economic postulate that incentives
matter?
Consumers buy fewer cars when the price of cars rises.
a.
b. Farmers produce less corn when corn prices decline.
C. A politician votes for a subsidy when it is in the best interest of a special interest group
within his district even if it might harm other voters.
d. All of the above.
All of the given option are consistent with the basic economic postulate that incentives matter.So, option (d) is correct answer.
What is economic incentives?Economic incentives are financial perks offered to individuals to change their patterns of consumption and output in an economy. Most often, economic incentives are used to alter people's behavior such that desired results appear naturally.
Economics as a whole is based on the straightforward tenet that shifts in incentives have predictable effects on how people behave. Incentives are influenced by both monetary and non-monetary factors.
People will be less inclined to select something if it becomes more expensive. In turn, consumers will be more inclined to select an alternative as the benefits associated with it grow. This straightforward notion, often known as the basic postulate of economics, is an effective tool because it pertains to practically everything we do. Less people will select an option as it grows more expensive.
So, above postulate is satisfied by all options given to us.
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What is always certain in projects?
a. They will be difficult but fun.
b. They provide stepping stones to promotion to upper management.
c. The Project Manager (PM) will be respected by the line managers.
d. Things will not go precisely as planned.
d. Things will not go precisely as planned. In project management, it is always certain that things will not go precisely as planned.
This is a fundamental concept in project management. Projects are complex undertakings that involve many variables, and unexpected issues and challenges are likely to arise during the course of a project. Even with the most careful planning and management, it's impossible to predict or control everything that can happen.
The ability to adapt and respond to changing circumstances is an essential skill for project managers, and a key factor in the success of any project. Accepting that things will not go precisely as planned is an important step towards effective project management, as it allows the project team to be proactive in identifying and addressing issues as they arise, and to adjust their plans and strategies accordingly.
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What is Jack doing to ensure savings for a new car?
Answer:
Could you add more context?
Explanation:
Answer:
He could be putting the money into the bank.
Explanation:
Which button in the Print Preview tab allows users to set specific margins on the page of a report?
Portrait
Landscape
Text Formatting
Page Setup
Answer:
Page Setup
Explanation:
Page set up allows users to determine how a print out will appear. The user can customize the page size and layout. The page setup dialog box is available under the Layout tab in the Ribbon menu.
Page layout makes it possible for users to set the print parameters. These parameters include paper size, page orientation, page margins, and quality of the print.
a car dealer's advertisement inviting people for a test drive is an example of the use of _____.
A car dealer's advertisement inviting people for a test drive is an example of the use of sales promotion.
What is advertising?An advertisement refers to a tool of promotion that is used by an organization in order to inform or educate customers about a new product or the new applications or modifications introduced in the existing product.
Sales promotion refers to a promotional strategy to raise the interest of the customer in regard to the product. In this case, a test drive is offered in order to raise their interest of customers in the car.
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.A stock is trading at $95. The exercise price of its call option is 11% below the trading price of the stock. The expiration is six months. The variance of the stock return is .0144. The annual interest rate is 10%. There is no dividend involved. In this case, according to Black&Scholes model, what should the price of the call option be ? $
The price of the call option, according to the Black-Scholes model, should be $15.39.
To calculate the price of the call option using the Black-Scholes model, we need the following inputs:
- Stock price (S) = $95
- Exercise price (X) = $95 - 11% * $95 = $84.55
- Time to expiration (T) = 6 months = 0.5 years
- Variance of stock return (σ²) = 0.0144
- Annual interest rate (r) = 10% = 0.1
- Dividend yield (q) = 0 (as there are no dividends involved)
Using these inputs, we can calculate the d₁ and d₂ values:
d₁ = (ln(S/X) + (r + σ²/2) * T) / (σ * √T)
d₂ = d₁ - σ * √T
Next, we can calculate the price of the call option using the following formula:
Call option price = S * e(-q * T) * N(d₁) - X * e^(-r * T) * N(d₂)
Plugging in the values, we can calculate:
d₁ = (ln(95/84.55) + (0.1 + 0.0144/2) * 0.5) / (√(0.0144) * √0.5) ≈ 1.6568
d₂ = 1.6568 - √0.0144 * √0.5 ≈ 1.4434
Using the N(d₁) and N(d₂) as the cumulative standard normal distribution, we find:
N(d₁) ≈ 0.9505
N(d₂) ≈ 0.9250
Plugging in these values, the call option price is:
Call option price = 95 * e(-0 * 0.5) * 0.9505 - 84.55 * e(-0.1 * 0.5) * 0.9250 ≈ $15.39
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In the event that only1corp. obtains control of all the natural gas producers in the us, it would most likely?
In the event that is most effective 1 corp. obtains manipulation of all of the natural gas producers in us, it might most possibly boost charges.
Natural gasoline is a certainly taking place aggregate of gaseous hydrocarbons consisting basically of methane further to various smaller quantities of different higher alkanes. normally low levels of hint gases like carbon dioxide, nitrogen, hydrogen sulfide, and helium also are present.
They may be called the 4 herbal gases and encompass the primary 4 alkanes — methane, ethane, butane, and propane. An alkane is a hydrocarbon in which single bonds hyperlink collectively to each atom. Hydrocarbons are chemical substances made up completely of carbon and hydrogen atoms.
Natural gasoline is every now and then informally noted absolutely as "fuel", specifically whilst it's far being as compared to different power resources, which includes oil or coal. but, it is not to be harassed with gas, which is often shortened in colloquial usage to "fuel", especially in North America.
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