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GREYUIT [131]
2 years ago
11

Calculating Future Values [LO1] Gold Door Credit Bank is offering 9.3 percent compounded daily on its savings accounts. If you d

eposit $4,500 today, how much will you have in account in 5 years ?
Business
1 answer:
lara31 [8.8K]2 years ago
7 0

Answer:

$7,163.64

Explanation:

The computation is shown below:

Data given in the question

Deposit amount = $4,500

Rate of interest = 9.3% ÷ 365 = 0.0254%

Time period = 5 years  × 365 = 1,825

So, the future value is

Future value = Present value × (1 + interest rate)^number of years  

= $4,500 × (1 + 0.0002547945 )^1,825

= $4,500 × 1.5919198972

= $7,163.64

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A goal programming problem had two goals (with no priorities assigned). Goal number 1 was to achieve a profit of $2,400 and goal
topjm [15]

Answer:

100

Explanation:

Goal programming is an optimization technique that allows for multiple, normally conflicting objectives and then attempts to solve each goal sequentially to a satisfactory level. In goal programming, differential variables are being used.

Since the goal programming problem had two goals. Goal number 1 was to achieve a profit of $2,400 and goal number 2 was to have no idle time for workers in the factory. The optimal solution to this problem resulted in a profit of $2,300 and no idle time

This means that goal number 2 was achieved since the optimal solution resulted in no idle time. But goal number 1 was not achieved because a profit of $2300 was achieved in the solution instead of $2400.

Therefore, the value for the objective function for this goal programming problem = 2400 - 2300 = 100

7 0
2 years ago
Asa works as an order-taker at Simply Salads, a fast-food restaurant. He does not cook food, or even package the final order, bu
Tanzania [10]

Answer:

Mechanistic

Explanation:

Mechanistic is the correct answer as it is clearly mentioned that the person just placed the order and takes the payment which very categorically means that intervention in the entire process is quite less which is the basic definition of Mechanistic unlike the other given options.

8 0
2 years ago
Read 2 more answers
The following data represent the probability distribution of the holding period returns for an investment in Lazy Rapids Kayaks
Brut [27]

Answer:

<u></u>

  • <u>17.5%</u>

Explanation:

The <em>expected return</em> is the weighted average of the expected returns in each scenario by its respective probability.

The <em>distribution of the holding period returns </em>(HPR) under three different scenarios is:

State of the economy    Scenario #(s)     Probability, p(s)    HPR

HPR Boom                         1                            0.336              28.40%

Normal growth                  2                           0.414                7.90%

Recession                          3                           0.25                18.90%

The calculations are:

        E(HPR) = 0.336\times 28.40\%+0.414\times 7.90\%+0.25\times 18.90\%

        E(HPR)=17.5\%

6 0
2 years ago
Kunkel, applebaum, and nelson focus on which type of financial support for caregivers?
Alex_Xolod [135]
They focus on direct payment for services provided for caregivers. This money can be used to procurement of any service or services that encounter the person's measured needs. As the money given to the person is specified in lieu of the local specialist providing the care, the money rests public money have its place to the local government who creates the expenditures.
4 0
2 years ago
Question 1 Jenson College provides its own housekeeping services. The College director would like to outsource this service and
NeX [460]

Answer:

c)Qualitative factors that affects outsourcing decision"

1)Quality of services :Whether the company to whom services are outsourced is capable enough or has sufficient experience in providing housekeeping services .A bad quality service can destroy customer /client relations .

2)Long term relations : whether the company to whom services are outsourced is trustworthy and is interested to maintain long term relations .

6 0
2 years ago
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