Business, 24.03.2020 21:34 blackkiki5588

Kari would like to save $10,000 for a down payment on a house. Illustrate the difference in years it will take her to double her current $5,000 savings based on a 6%, 12%, and 18% interest rate.

Answers: 3

Show answers

Answers

Answer from: boo3972

For 6%, approximately 12 yearsFor 12%, approximately 6 yearsFor 18%, approximately 4 years

Explanation:

The growing of the $10,000 will depend on the number of times the interest is compounded per year.

For didactic purposes, the period of compounding will be annual (once per year)

Formula:

$Future\text{ }Value=Investment\times (1+r/n)^{(n\times t)}$

n is the number of times the interest is compounde per year: 1t is the numbrer of yearsr is the annual percantage rate (APR)

Then:

$\$10,000=\$5,000\times (1+r)^{ t}$

$(1+r)^{ t}=\$10,000/\$5,000\\\\(1+r)^t=2\\\\t\times \log (1+r)=\log 2\\\\\\t=\log 2/\log {(1+r)}$

For r = 6 %, r = 0.06

$t=\log 2/\log {(1+0.06)}=11.9\approx 12years$

For r = 12%

$t=\log 2/\log {(1+0.12)}=6.1\approx 6years$

For r = 18%

$t=\log 2/\log {(1+0.18)}=4.2\approx 4years$

Answer from: Quest

Your not allowed to ask their age, only if they're above 18, you cannot ask if they have ever been arrested, convicted, or spent time in jail prior to employment (you can however ask a question like "perhaps this job required security clearance, would you be able to attain it? "). you also cannot ask the severity or nature of any disabilities they have but similar to criminal record can ask if they are able to preform the job safely. in addition to this, you can ask *after* an interview if they're married for insurance reasons. so it appears to be c and d, but if you can only chose one it would probably be b.

Answer from: Quest

My first question is what benefits do you expect to achieve from career exploration? the benefits that i expect to achieve from career exploration. for me i think the benefits of exploring many different careers are that you get exposed to more, so it's easier for you to pick which one you like best. another benefit is that you get a more first hand view of what jobs are more likely to be needed in the future and that can be factored into your consideration. my second question is what do you expect to be the most challenging parts of your career planning process? why? the most challenging parts of my career planning process is trying to get things in order and trying to write this paragraph it is confusing and, hard work. and last but not least my third question is i think the most challenging part is taking the first step and really deciding on a career you want to pursue; there are so many options and it can be hard to choose.which jobs will allow me to make a living? ; what skills does emergency medical technician emergency medical services medical » physiology require?

Another question on Business

Business, 22.06.2019 10:40

Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?

Answers: 3

Answer

Business, 22.06.2019 21:00

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be:

Answers: 3

Answer

Business, 22.06.2019 21:50

Abus pass costs $5 per week. which of the following equations shows the total cost in dollars, t, of the bus pass for a certain number of weeks, w? t = 5w w = 5t t = 5 + w w = 5 + t

Answers: 3

Answer

Business, 22.06.2019 23:30

Atelephone call center uses three customer service representatives (csrs) during the 8: 30 a.m. to 9: 00 a.m. time period. the standard service rate is 3.0 minutes per telephone call per csr. assuming a target labor utilization rate of 80 percent, how many calls can these three csrs handle during this half-hour period?

Answers: 1

Answer

You know the right answer?

Kari would like to save $10,000 for a down payment on a house. Illustrate the difference in years it...

Questions