Answer:
E. In general, the larger the group, the more knowledge, so the better the decisions.
Explanation:
The type of "decision-making strategy" that a person chooses will largely depend on every circumstance. In the situation above, Tyree's partner advises him that the "the larger the group, the more knowledge" they can get so "the better the decisions."
This is true when the large group comprises of different kinds of members. In Tyree's case, his group consist of many kinds of people coming from both the <em>civi</em>c and<em> private organizations.</em> Although this is time-consuming, the group's different views and interests will be considered. This increases the knowledge of every member, thereby contributing to <u>better decisions.</u>
So, this explains the answer.
When it comes to this context, nothing is sure to be a success, so no
Answer:
The principal amount to be to be invested=$46,613.95
Explanation:
The total amount that Lou needs to invest with Reel bank in order to have for new equipment in 7 years is known as the principal amount.
The formula for calculating total amount on investment compounded quarterly;
A=P(1+r/n)^nt
A = the future value of the investment, including the interest
P = the initial investment amount
r = the annual interest rate
n = the number of times that interest is compounded per unit t
t = the time the money is invested or borrowed for
For our case;
A=$70,000
P=p
r=6/100=0.06
n=compounded quarterly=4
t=7 years
replacing;
70,000=p(1+0.06/4)^(4×7)
70,000=p(1.015)^28
70,000=1.517 p
1.517 p=70,000
p=70,000/1.517
p=46,613.95
The principal amount to be to be invested=$46,613.95
I found the same question but it had choices. The choices were:
a) retail bank
b) commercial bank
c) savings and loans
d) credit union
The type of banking institution that is most suitable for Daryl is CREDIT UNION.
Credit Union is defined as a member-owned financial cooperative. They offer banking services but these are offered to their members. They grant loans and interest paid on those loans are also given to member-owners as dividends.
Daryl will not only earn interest from his checking and savings accounts, he will also earn dividends. Any bank fees issued by the cooperative will be returned to them in the form of dividends.
