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o-na [289]
2 years ago
5

You plan to save $370 per month starting today for the next 46 years "just to start the month off right." You feel that you can

earn an interest rate of 9.7 percent compounded monthly. How much will there be in the account 46 years from today
Business
1 answer:
qwelly [4]2 years ago
4 0

Answer:

You plan to save $370 per month starting today for the next 46 years at an interest rate of 9.7% will be <u>$791046.3155</u>

Explanation:

Rate = 9.7% / 12 = 0.808333%

Number of periods = 30 * 12 = 360

Future value = ( 1 + r) * Monthly payments * [ ( 1 + r)n - 1] / r

Future value = ( 1 + 0.00808333) * 370 * [ ( 1 + 0.00808333)360 - 1] / 0.00808333

Future value = 1.00808333 * 370 * 2,120.819723

Future value = $791046.3155

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Benny the Barber owns a one-chair shop. At barber college, they told Benny that his customers would exhibit a Poisson arrival di
Sever21 [200]

Answer:

Below is the solution to the given problem

Explanation:

a. What is the average number of customers waiting?

With one barber and exponential service, this system fits Model 1 in the text. λ = 3.000 per hour (given), μ= 60/17 = 3.529 per hour.

You are looking for Lq here.

Lq = λ^{2} / μ(μ – λ) = 3.00^{2}/3.529 (3.529 – 3.000) =  = 4.82 customers

b. What is the average time a customer waits?

Wq = Lq/λ = 4.82/3.00 = 1.607 hours  = 96.40 minutes  

c. What is the average time a customer is in the shop?

You are looking for Ws here, and need to calculate Ls first.

Ls =    λ / μ(μ – λ) = 3.00/3.529 – 3.000= 5.671

Ws =  Ls/λ = 5.671/3.00 = 1.890 hours  = 113.4 minutes

d. What is the average utilization of Benny's time?

ρ =  λ/μ = 3.00/3.529 = 0.85 = 85.0%

7 0
2 years ago
Synergy and Dynaco are the only two firms in a specific high-tech industry. They face the following payoff matrix as they decide
Savatey [412]

Answer:

Explanation:

Synergy's Decision Large Budget Small Budget Dynaco's Decision Large Budget $20 million, $25 million $15 million, $0 Small Budget $0, $60 million $25 million, $30 million If Synergy believes

If synergy believes dynaco will go with a large budget that synergy should choose large budget

If synergy believes dynamo will go with small budget than synergy should go large budget

Therefore synergy does have dominant strategy

If Dynaco believes synergy will go with large budget than he will choose large budget and

If he belies synergy will go small budget than he will also choose small budget

Dynaco doesnot have dominant strategy

True,it has Nash equilibrium as (large budget,large budget)

7 0
1 year ago
Fatima is struggling in her job and is experiencing increased dissatisfaction. She related to you that her manager has been unfa
oee [108]

Answer:

Cognitive dissonance

Explanation:

Cognitive dissonance is a psychological notion when an individual experiences thoughts and emotions that are not consistent (no matter the environment). In this example, it was expected from Fatima to quit her job (since she hated the manager). In spite of that, she continued to work. That caused the cognitive dissonance in her behavior, as she changed her attitude.

6 0
2 years ago
Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the leas
ratelena [41]

Answer:

A) $12,528

Explanation:

We should consider the rent payment as an annuity. Because we are paying, it should be considered the present value of an annuity.

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C  2,468

time 6

rate         0.05

2468 \times \frac{1-(1+0.05)^{-6} }{0.05} = PV\\

PV $12,526.8080

We are asked for the closet option, so we have to chose A) 12,528

6 0
1 year ago
what types of political, economic, and competitive challenges does MTV networks international face by operating worldwide?​
Marysya12 [62]

<u>Explanation:</u>

Remember, MTV is a cable TV company initially founded in the United States.

Political challenges:

There may be differences in administrative costs in each country of operations. For example, the manner and value of taxes paid in the USA may be different in another country like France.

Economic challenges:

The level of economic growth may affect the amount and number of people who spend on entertainment leading to a decline in revenue and an increased need for aggressive marketing campaigns.

Competitive challenges:

Each country may already have other cable TV companies that a percent of the market share and so this it becomes a challenge to compete with these domestic companies.

6 0
2 years ago
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