Answer:
$116,499.15
Explanation:
To find the amount he will have to invest today, we have to find the present value of $500,000 at the 6% interest rate
PV = FV (1+r)^-n
PV = Present value
FV = Future value = $500,000
R = interest rate = 6%
N = number of years = 25
$500,000 ( 1 + 0.06) ^-25 = $116,499.15
I hope my answer helps you
Mischa needs to find Down Payment to become Eligible for a mortgage.
Getting a mortgage on a house can be a life-changing experience. For the next 20-30 years you will need to make a mortgage payment every month.
However, before you are able to get a mortgage you need to have a good credit history and you need to make some form of a down payment.
This can be typically 10-20% of the value of the house. Without this, you cannot mortgage as the bank requires you to put some money upfront.
The appropriate response is Affective. This part manages sentiments or feelings that are conveyed to the surface about something, for example, dread or despise. Utilizing our above illustration, somebody may have the disposition that they despise young people since they are languid or that they cherish all infants since they are adorable.
Answer:
$2,565,360
Explanation:
Learning curve rate = [log (learning curve)] ÷ log 2
= log (0.7) ÷ log 2
= -0.515
Time to complete 20th iteration:
![=Total\ labor\ hours\times[20^{-0.515}]](https://tex.z-dn.net/?f=%3DTotal%5C%20labor%5C%20hours%5Ctimes%5B20%5E%7B-0.515%7D%5D)
![=200,000\times[20^{-0.515}]](https://tex.z-dn.net/?f=%3D200%2C000%5Ctimes%5B20%5E%7B-0.515%7D%5D)
= 200,000 × 0.21
= 42,756 labor hours
cost of the twentieth iteration = 42,756 labor hours × $60 per hour labor rate
= $2,565,360
