how long does it take for an amount of money p to double itself if its invested at 6 % interest compounded 2 times a year? round your answer to 2 decimal places. a
Answers
It will take 11.60 years for an amount of money p to double itself if its invested at 6 % interest compounded 2 times a year.
For determine the the value of time, use the formula:
compounding formula A = P[(1 + (r/n)]^(n*t)
A = ending amount
P = initial principal
r = interest rate
n = number of times compounded per year
t = time period (years)
According to question, any amount for the initial and ending amount. Let's use $1 for the initial and $2 for the ending.
Given data:
A = 2
P = 1
r = 0.06
n = 6
t = unknown (solve for this)
2 = 1[1 + (.06/6)]^(6t)
2 = 1.01^(6t)
Now we have to use a log to solve for the variable exponent.
log(base1.01)2 = 6t
69.66 = 6t
t = 11.6 years
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Related Questions
HELP PLEASE:)
to get the most accurate savings figures, which item should you vary when you are comparing 2 loans from separate banks?
A. the APR should be different
B. the number of years it takes to pay it off
C. fixed and variable rates
D. nothing should be varied
Answers
I Think its answer C: Fixed and Variable rates
Question 1 (10 points) You are faced with a problem. You want to go to the movies with your friends and see the latest action flick. However, your mother left you firm instructions to mow the lawn. You will risk losing your allowance if you don't mow the lawn. Apply what you have learned in this course. a) Create a decision-making grid similar to the one you learned about in Unit 2. Then decide which would be the best use of your time. b) Make a choice as to which you will do. Write an explanation (at least one well- developed paragraph in length) in which you explain how you have decided to use your time and why you made that particular choice. Your explanation should include terms such as "opportunity cost" and "trade-off" and your reasoning for making the choice you made.
Answers
The dilemma is to decide whether to ignore mother's orders or comply with them in this situation.
What is Opportunity Cost?Opportunity Cost refers to the losses incurred on leaving the other possible alternatives in the decision making and choosing the one. It is the value of the best alternative choose in the process of the decision making.
In the Above situation,the individual would enjoy with friends if he goes to watch the movie However it can lead to trouble with his mother.
However, if individual does cleaning of the lawn; the price would be the fun you would have to forgo.
The best course of action would be to obey your mother because the consequences of doing otherwise are much worse.
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____ is the measure of how long a product last
Answers
Answer:
This can be a varied answer, what are the options?
Explanation:
Answer: Consumability
Explanation:
What option Rimilia provides to find all combination of transactions that make up the payment amount
Answers
The option provided by Rimilia to find all combinations of transactions that make up the payment amount is called "Auto-Matching".
What is Auto-Matching?Auto-Matching is a feature in Rimilia's accounts receivable automation software that matches incoming payments to open invoices using artificial intelligence and machine learning.
It can analyze thousands of transactions in seconds, matching each payment to one or more invoices, and identifying any discrepancies.
With Auto-Matching, Rimilia can identify which combination of invoices, credit notes, and debit notes make up a payment amount. It can also automatically apply cash, identify underpayments or overpayments, and manage disputes or exceptions.
This helps to streamline the accounts receivable process and improve cash flow management for businesses.
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The options are:
Cash
Debit cards
Mobile payments
Credit cards
internet banking
checks
auto matching
An American worker can produce either 5 cars or 8 tons of grain a year. A Japanese worker can produce either 4 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers.Complete the following table with the quantities of cars produced and consumed in each country if there is no trade.
Answers
In the above production economics problem, since there is no trade, each country consumes what it produces, hence the consumed quantity is the same as the produced quantity for both countries.
What is the explanation for the above response?Assuming no trade, the table for the quantities of cars produced and consumed in each country would be as follows:
Country Cars Produced Cars Consumed
USA 500 million 500 million
Japan 400 million 400 million
Since each country has 100 million workers and each American worker can produce 5 cars, the total production of cars in the USA is 5 x 100 million = 500 million. Similarly, each Japanese worker can produce 4 cars, so the total production of cars in Japan is 4 x 100 million = 400 million.
Thus, since there is no trade, each country consumes what it produces, hence the consumed quantity is the same as the produced quantity for both countries.
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7 stores steps in decision making process
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To make a decision, you must first identify the problem you need to solve or the question you need to answer. Clearly define your decision. If you misidentify the problem to solve, or if the problem you’ve chosen is too broad, you’ll knock the decision train off the track before it even leaves the station.
If you need to achieve a specific goal from your decision, make it measurable and timely so you know for certain that you met the goal at the end of the process.
2. Gather relevant information
Once you have identified your decision, it’s time to gather the information relevant to that choice. Do an internal assessment, seeing where your organization has succeeded and failed in areas related to your decision. Also, seek information from external sources, including studies, market research, and, in some cases, evaluation from paid consultants.
Beware: you can easily become bogged down by too much information—facts and statistics that seem applicable to your situation might only complicate the process.
3. Identify the alternatives
With relevant information now at your fingertips, identify possible solutions to your problem. There is usually more than one option to consider when trying to meet a goal—for example, if your company is trying to gain more engagement on social media, your alternatives could include paid social advertisements, a change in your organic social media strategy, or a combination of the two.
4. Weigh the evidence
Once you have identified multiple alternatives, weigh the evidence for or against said alternatives. See what companies have done in the past to succeed in these areas, and take a good hard look at your own organization’s wins and losses. Identify potential pitfalls for each of your alternatives, and weigh those against the possible rewards.
5. Choose among alternatives
Here is the part of the decision-making process where you, you know, make the decision. Hopefully, you’ve identified and clarified what decision needs to be made, gathered all relevant information, and developed and considered the potential paths to take. You are perfectly prepared to choose.
6. Take action
Once you’ve made your decision, act on it! Develop a plan to make your decision tangible and achievable. Develop a project plan related to your decision, and then set the team loose on their tasks once the plan is in place.
7. Review your decision
After a predetermined amount of time—which you defined in step one of the decision-making process—take an honest look back at your decision. Did you solve the problem? Did you answer the question? Did you meet your goals?
If so, take note of what worked for future reference. If not, learn from your mistakes as you begin the decision-making process again
List 5 motives for the construction of various media?
Answers
Answer and Explanation:
For the construction of various media, the five motives are as follows
1. Develop connections and make connections: For motivating the social media we have to establish the connections and through it, we can easily make the connections,
2. Sharing the news of the company: Post the news of the company to various social media so that the public at large get attracted towards it
3. Voice opinion: Voice opinion also matters for establishing the several medias
4. People opinion for the company: Customer satisfaction is the utmost priority for the company so that the company could able to know what changes are required in the product to deliver it in the best manner
5. Communicated with employees: The communication with the employees also matters as the employees could be delivered their idea to better the company services
Media is the plural word of the medium that is the means of communication. The news channels, radios, magazines, and many other social things are communicated to the general public by means of media only. The media covers the speech or the incident and lets it known to the general public at no time.
The five motives for the construction of social media are:
1. Developing and making connections: For motivating social media there is a need to establish connections and suing those conections new connections can be made.
2. Sharing the company's reviews: After the company gets its name on social media, it gets famous among a group of people at no more time.
3. Voice opinion: Voice opinion also matters for interacting the several medias
4. People's opinion of the company: Customer satisfaction is the utmost priority of the company so that the company could able to know what changes are required in the product to deliver it in the most satisfactory form.
5. Interaction with employees: Communication with the employees also matters as the employees could deliver their idea to better the company's services.
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30. A stronger British pound is beneficial for:A. U.S. exchange students studying in Britain with a U.S. scholarship.B. British firms selling goods and services in Canada.C. British investors who have invested money in Australia.D. exchange students with a British scholarship studying in Canada.
Answers
A stronger British pound is beneficial for: exchange students with a British scholarship studying in Canada. Option d is correct .
What effects does an increase in the pound sterling's value have on American business?The American business will be affected by an increase in the value of the pound sterling because it will raise the cost of British exports. costly consequently expanding the expense of American imported items. A situation like this may result in increased local consumption.
Foreign buyers will pay more for these goods if the pound is stronger, which may result in lower sales for UK exporters. Therefore, when the pound is strong, most people who buy more things abroad than they sell prefer it. Most of the time, banks offer foreign exchange services in specific branches in the center of your city or an online service where you can order cash and pick it up at a time of your choosing from a designated branch. Banks can order the currency you need if it is unavailable.
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Complete question -
A stronger British pound is beneficial for:
a. U.S. exchange students studying in Britain with a U.S. scholarship.
b. British firms selling goods and services in Canada.
c. British investors who have invested money in Australia.
d. exchange students with a British scholarship studying in Canada.
You are analyzing the acquisition of an apartment complex at a price of $5M and with the following data, gross potential rent-$1.2M, parking income-$30K, late fee income-$20K, vacancy at 5%, operating expenses (excluding management fee)-$680K, management fee-$50K, new roof cost- $75K, debt service of $175K and projected cost of installing new car garages-$78K. What is the property’s net operating income?
A) $460,000 B) $327,000 C) $405,000 D) $480,000
Answers
The property’s net operating income can be computed using the formula given below:Net Operating Income = Gross Potential Rent - Operating Expenses- Vacancy- Management Fees- Other Income+ Other Expenses.
Now, let's substitute the values and compute the net operating income as follows:Gross Potential Rent = $1,200,000Parking Income = $30,000Late Fee Income = $20,000Operating Expenses (excluding management fee) = $680,000Management Fee = $50,000New Roof Cost = $75,000Debt Service = $175,000Projected cost of installing new car garages = $78,000Vacancy rate = 5%.
First, we need to compute the total other income.Other Income = Parking Income + Late Fee Income= $30,000 + $20,000= $50,000Now, let's compute the total other expenses.
Other Expenses = New Roof Cost + Projected cost of installing new car garages= $75,000 + $78,000= $153,000Now, let's substitute all the given values in the net operating income formula.
Net Operating Income = Gross Potential Rent - Operating Expenses- Vacancy- Management Fees- Other Income+ Other Expenses= $1,200,000 - ($680,000 + $50,000 + $175,000) - (0.05*$1,200,000) - $50,000 + $50,000 - $153,000= $520,000 - $839,000 - $60,000 - $153,000= -$532,000.
Now, we can see that the net operating income has come out to be negative, which is not possible. Hence, we can conclude that the given acquisition of an apartment complex is not a good decision and will incur losses.
Given data:Price of apartment complex = $5MGross potential rent = $1.2MParking income = $30KLate fee income = $20KVacancy rate = 5%Operating expenses (excluding management fee) = $680KManagement fee = $50KNew roof cost = $75KDebt service = $175KProjected cost of installing new car garages = $78KWe need to calculate the property’s net operating income using the above data.
Net Operating Income (NOI) is a calculation of the income generated by a real estate investment property after deducting the expenses related to its operation, such as property taxes, property insurance, maintenance costs, and management fees. The formula for calculating NOI is:Net Operating Income = Gross Potential Rent - Operating Expenses- Vacancy- Management Fees- Other Income+ Other Expenses.
Now, let's calculate the other income and other expenses:
Other Income = Parking Income + Late Fee Income= $30,000 + $20,000= $50,000.
Other Expenses = New Roof Cost + Projected cost of installing new car garages= $75,000 + $78,000= $153,000.
Now, substituting the values in the above formula, we get:
Net Operating Income = $1,200,000 - ($680,000 + $50,000 + $175,000) - (0.05*$1,200,000) - $50,000 + $50,000 - $153,000= $520,000 - $839,000 - $60,000 - $153,000= -$532,000As we see that the net operating income has come out to be negative, which is not possible, we can conclude that the acquisition of the apartment complex at a price of $5M is not a good decision. Hence, the correct option is (E) Not a good decision.
Net Operating Income is a crucial metric used to determine the profitability of a real estate investment property. In the given question, we used the formula to calculate the net operating income of the apartment complex and found that the given acquisition is not a good decision.
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Why are ethics important in the workplace?
Answers
Answer:
Ethics is important in a workplace because :
a) It creates a positive and safe work environment.
b) It helps to instill professional behavior in employees
c) It helps to maintain orderliness in an organization and prevents chaos from happening.
d) It prevents discrimination or favouritism in organizations.
e) Workplace Ethics ensures that all employees are treated fairly.
f) Workplace Ethics improves the relationships of employees with one another and this lead to the development of team work amongst employees.
Explanation:
Ethics at a workplace or Workplace Ethics can be defined as the standards or regulations that are put in place by a firm or organisation that helps to guide the behavior or attitude of employees at work such that safe work ambience is created and employees relate in a professional manner to one another.
Examples of Workplace Ethics are:
a) Punctuality
b) Honesty
c) Loyalty
d) Productivity
e) Dependability
Ethics at the workplace in important because:
a) It creates a positive and safe work environment.
b) It helps to instill professional behavior in employees
c) It helps to maintain orderliness in an organization and prevents chaos from happening.
d) It prevents discrimination or favouritism in organizations.
e) Workplace Ethics ensures that all employees are treated fairly.
f) Workplace Ethics improves the relationships of employees with one another and this lead to the development of team work amongst employees.
Answer: professional organizations
Explanation: took the test (:
Omar and Patrick sell magazine subscriptions by telephone. Omar is paid $1.00 for every 5 calls he makes, while Patrick is paid $1.00 for every subscription he sells. Omar is paid on a __________ schedule while Patrick is paid on a __________ schedule.
Answers
This means that Omar is paid on a fixed ratio schedule while Patrick is paid on a variable ratio schedule.
What are fixed ratio and variable ratio?Fixed Ratio refers to a reinforcement schedule, which make use of reinforcement after the completion of number of responses. This means that each time a response is received, there is reward for each of the completed task.
For Variable ratio, there are unpredictable responses even when the responses have been reinforced. Each time a person performs a behaviour, the reinforcement is not distributed.
Hence, Omar is paid on a fixed ratio schedule while Patrick is paid on a variable ratio schedule.
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Find the Mean of 18, 24, 17, 21, 24, 16, 29, 18
Answers
Answer:
20.875
Explanation:
18+24+17+21+24+16+29+18=167/8=20.875
Answer:20.875
Explanation:18+24+17+21+24+16+29+18=167/8=20.875
since cate langton was hired in the marketing department of a consumer products manufacturer, she has worked in its public relations department, she has worked in its advertising department, and she has worked to help design collateral sales material and point-of-purchase displays. next week she will go out on the road as a salesperson. what method of training is langton's employer using? group of answer choices
Answers
The next week, she would set out on her sales tour. Job rotation is the training strategy employed by Langton's employer.
Some businesses rotate the jobs they assign to their employees throughout their employment, which is known as job shifting. Job rotation is a human resources strategy that involves moving individuals between different roles within an organization. The purpose of job rotation is to give employees the opportunity to experience various aspects of the business and acquire new abilities.
Employees who rotate jobs gain new skills, gain a deeper understanding of the business and help the company get the most out of its human resources. Task rotation and position rotation are the two main types of job rotation.
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Ivie Clarke has decided to launch a numbers game like Sudoku. She estimates her fixed costs to be £5,000. The variable costs are £1.20 per game. She intends to sell the games for £5.00 each. Ivie estimates she will sell 1,400 games a month. 7 (a) What is her total revenue if she sells 1,400 games? (1) (b) What are her total costs if she sells 1,400 games?(1) (c) How much profit does she make if she sells 1,400 games?(1) 8 How many games does she need to sell to cover her total costs?(1) 9 In fact the fixed costs of the business were actually £5,500. How much profit or loss would Ivie make if she sold 1,400 games. (2)
Answers
Her total revenue if she sells the 1,400 games of the numbers game is £7,000.
What is revenue?The average sales price is multiplied by the quantity of units sold to arrive at revenue, which represents the money generated by normal business operations. Net income must be deducted from the top line (or gross sales) figure in order to be calculated. In the salary summary, revenue and sales are synonymous. To determine how effectively a business collects unpaid debt, it is critical to review the cash flow summary. Cash accounting, in comparison, only records purchases as revenue when actual money changes hands. "Receipt" is the term used to describe money provided to a business. For receipts to show, income is not necessary. For instance, there will be a receipt but no income from a customer who pre-paid for a service or goods that were never delivered.
Ivie's total revenue if she sells the 1,400 games is:
Revenue = Price per game x Number of games sold
Revenue = £5.00 x 1,400
Revenue = £7,000
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_________ refers to funds that have been dispatched by a payer but are not in a form that can be spent by the payee. (a) the cash conversion cycle (b) float (c) a direct send (d) lockboxes
Answers
(b) Float refers to funds that have been dispatched by a payer but are not in a form that can be spent by the payee.
It is common in situations where a check has been issued but has not yet been cleared by the bank where it was deposited. Float is an important concept to understand when managing cash flow because it affects the timing of cash inflows and outflows and can have an impact on the company's financial performance.
Usually, there are two kinds of float: a) check float, which occurs when a payer writes a check but the payee has not yet deposited or cashed it, and b) mail float, which happens when a check is sent by mail but has not yet been received by the payee.
Float can also be influenced by technological advances that have made electronic payments quicker and more efficient, reducing the amount of time it takes for funds to be processed and lowering float. In summary, float is the time difference between when a payment is initiated and when it is processed, and it can affect a company's cash flow and financial performance.
The concept of float is important in finance because it affects the timing of cash inflows and outflows and can have an impact on a company's financial performance. Typically, float refers to funds that have been dispatched by a payer but are not yet available to the payee for spending purposes. This can happen when a check has been issued but has not yet been cleared by the bank where it was deposited, or when an electronic payment has been initiated but has not yet been processed.
Therefore the correct option is (b) float
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which reading strategy refers to reading only the key words and phrases
A. guessing from context
B.paraphrasing
C.previewing
D.skimming
Answers
Answer:
answer is ... skimming
Explanation:
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Jose only car not payment of $436 and a credit card payment of $50 every month. What is the minimum amount of money he must take home every month to avoid being in danger of credit overload
Answers
The minimum amount of money he must take home every month to avoid being in danger of credit overload is $2430. This is further explained below.
What is the minimum amount of money he must take home every month to avoid being in danger of credit overload?Generally, The information provided in the question indicates that Jose's monthly expenditures total at least $486 ($436 for the payment on the auto loan and $50 for the monthly payment on the credit card). It is important to include certain additional costs relating to the residence, such as food, which when added together result in $2430; hence, it is the response that is right.
In conclusion, The bare minimum amount of cash that he needs to bring home each month in order to minimize the risk of having an excessive amount of debt is $2,430.
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Human resources in the hospitality industry is responsible for ______
Answers
Answer:
keeping the customer healthy and safe and
Explanation:
1. how many members participate in h&m’s loyalty program worldwide?
Answers
Answer:
H&M now has over 100 million members.
Explanation:
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the weidmans want to save $30,000 in 3 years for a down payment on a house. if they make monthly deposits in an account paying 12%, compounded monthly, what is the size of the payments that are required to meet their goal? (round your answer to the nearest cent.)
Answers
The Weidmans need to make monthly payments of $714.87 to save $30,000 in 3 years for a down payment on a house, assuming an interest rate of 12% compounded monthly.
To calculate the monthly payment required, we can use the formula for the future value of an annuity:
FV = PMT * [(1 + r/n)ⁿᵗ - 1]/(r/n)
where FV is the future value, PMT is the monthly payment, r is the annual interest rate, n is the number of compounding periods per year, and t is the number of years.
In this case, we have FV = $30,000, r = 12%, n = 12 (since the interest is compounded monthly), and t = 3. Solving for PMT, we get:
PMT = FV * (r/n) / [(1 + r/n)ⁿᵗ- 1]
= $30,000 * (0.12/12) / [(1 + 0.12/12)¹²³ - 1]
≈ $714.87
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During the proofreading task of the completion stage of a business message, be sure to
O add hyperlinks to change the style of the message.
Oplan the printing and distribution of the message.
O rewrite to clarify any confusing content.
O review for errors in writing, design, and layout.
Answers
Review for errors in writing, design, and layout.
which of the following statements regarding measures of process performance is true? group of answer choices while percent value-added time can exceed 100%, efficiency has a maximum of 100%. efficiency will always be greater than percent value-added time. efficiency and percent value-added time can never reach 100% at the same time. while efficiency can exceed 100%, percent value-added time has a maximum of 100%.
Answers
The true statement on metrics of process performance is that efficiency has a limit of 100%, whereas percent value-added time can go above 100%.
The true statement on measurements of process performance is that while percent value-added time can go over 100%, efficiency has a limit of 100%. By dividing the actual output by the standard output and multiplying the result by 100, efficiency is determined. A process that is operating at 100% efficiency is generating all of its potential output. The ratio of value-added time to total cycle time, on the other hand, is known as percent value-added time. If the value-added time is more than the whole cycle time, this ratio can be greater than 100%. This proves that the maximisation of efficiency at 100% is true, as opposed to the other claims, which are false.
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The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answers
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
Find the interest on the following loan.
$1050 at 5.5% for 9 months
Answers
Answer: The answer would be $57.75
Explanation:
1050 x 0.055(the interest rate) = 57.75
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Pompeii, Inc., has sales of $53,000, costs of $24,200, depreciation expense of $2,550, and interest expense of $2,300. If the tax rate is 24 percent, what is the operating cash flow, or OCF
Answers
Answer:
$23,052
Explanation:
The computation of operating cash flow is shown below:-
Before that we have to determine the net income which is
Income statement
Sales $53,000
Cost ($24,200)
Depreciation ($2,550)
EBIT $26,250
Interest expense ($2,300)
Earnings before tax $23,950
Tax (5,748)
(24% × $23,950)
Net income $18,202
Now,
Operating cash flow = EBIT + Depreciation - Tax
= $26,250 + 2,550 - $5,748
= $23,052
SRC Refrigeration Company manufactures and sells refrigerator display units for flowers. A salesperson for the company is calling on a large supermarket chain to try to interest them in SRC's new refrigeration unit. The salesperson has set as his sales call objective to replace all refrigeration units in the 235-store chain with SRC units. This sales call objective would be an example of a(n) ______________ call objective. Question 48 options: optimistic minimum primary crazy inspirational
Answers
Answer:
A. optimistic
Explanation:
A. optimistic
B. minimum
C. primary
D. secondary
E. basic
Minimum call objective can be regarded as basic business purpose which is a case that ones sales person needed to achieve so that the call can be successful. And the optimistic call objective can be regarded as optimistic outcome that sales person could think of in given sales.
web-based training for implementation of behavioral assessment methods are:
Answers
Answer:
Web-based training methods included virtual classroom, serial instruction, self-directed learning, and simulation training.
Web-based training for implementation of behavioral assessment methods refers to the use of online platforms to train individuals on how to conduct behavioral assessments. Online training courses have become increasingly popular in recent years, especially with the advancement in technology.
These courses can be delivered through various platforms, such as webinars, e-books, videos, podcasts, and interactive modules. They offer flexibility, convenience, and cost-effectiveness compared to traditional classroom training. The following are some advantages of using web-based training for implementation of behavioral assessment methods .
hese materials help learners to comprehend the subject matter more effectively. 24/7 accessibility - online training programs are available to learners at any time and from anywhere, as long as they have internet access. This allows learners to fit training into their schedule and pace their learning. Cost-effective - web-based training programs are usually less expensive than traditional classroom training. This is because they do not require travel, accommodation, or venue hire costs. Immediate feedback - online training programs offer instant feedback to learners. This means that learners can gauge their performance and progress in real-time.
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assuming that expenses exceed revenues, which of the following correctly indicates the structure of the journal entry that is used to close revenue and expense accounts? multiple choice debit retained earnings, debit expenses, and credit revenues. debit revenues, debit retained earnings, and credit expenses. debit revenues, debit expenses, and credit retained earnings. debit expenses, credit revenues, and credit retained earnings.
Answers
Assuming that expenses exceed revenues, debit Revenues, credit Expenses, and credit Retained Earnings indicate the structure of the journal entry that is used to close revenue and expense accounts.
Revenue is the total amount of gains generated for one transaction of merchandise and duties related to the basic movements of an implausible story. Commercial revenue may further be referred to as marketing or as change. Some companies sustain a profit from interest, sovereignties, or different fees.
An expense account is a right to compensation for services gone by employees for work-accompanying purposes. Expense accounts are records of the amount a guest spends eventually-to-day costs all the while a likely bookkeeping ending. These accounts live for a set magnitude - a temporal length of an event or entity's existence, quarter, or old age - and then new reports are established for each new ending.
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The table shows the terms of a fixed-rate mortgage.
Which accurately describes the terms of this mortgage? Check all that apply.
The homeowner is borrowing $360,000.
The monthly interest rate is 4 percent.
Monthly payments must be made for 30 years.
The annual interest rate is 4.8 percent.
The homeowner is borrowing $200,000.
Monthly payments must be made for 360 years.
Answers
The fixed-rate mortgage concept is used in home loans. Monthly payments for 30 years, the interest rate is 4.8%, and borrowing $200,000.
What is a fixed-rate mortgage?It is usually used in home loans with a fixed interest rate during the term of the loan. It is beneficial because once the rate of interest is fixed it is not influenced by the increase in the rate in the future.
C - Monthly payments for 30 years.
D - The interest rate is 4.8 % annually
E - borrowing $200,000.
Therefore, options C, D, and E explain the fixed-rate mortgage.
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Which is NOT a type of planning used by management?
A Short-term
B Deliberate
C Strategic
D Long-term
Answers
Answer:
B Deliberate
Explanation:
Planning involves thinking ahead of events. It entails preparing beforehand for future activities. Managers will engage in planning to ensure the business meets its objectives.
There are different types of plans. Manager can make short term or long term plans which are based on time. Strategic plans are about methodology or procedure. Deliberate is not a type of planning.