Calculate the time period.

Question

Want to see the full answer?

Answer 1

Question

Chapter 8, Problem 29P

To determine

Calculate the time period.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Smith, a U.S. citizen, has been working as an executive of a telecommunication company in U.S., and her annual salary in 2014 was US$220,000. Her salary was expected to remain unchanged if she continued to work in the company. At the end of the year 2014, however, she was recruited by a media company in Brazil, so she started working in Brazil from January 2015, making an annual salary of US$250,000. Assuming that the amount of her salary equals the amount of her contribution to the production in the company she works for, how much the annual U.S. GDP and GNP in 2015 was changed due to her job relocation? Clearly show the reasoning for your answer.

Texas Governor Rick Perry promised to put hundreds of cameras on the Texas-Mexico border and broadcast the video over the Web so that anyone, anywhere could become a border patroller, helping root out border crime and illegal crossings. As part of that project, Texas secured a federal grant for $3 million that paid for 200 mobile cameras in strategic high-traffic areas. If the 200 cameras are considered to be equivalent to 20 border patrol agents, each with an annual salary of $75,000, what is the rate of return over a 3-year project period?

During a recession, the price of goods and services goes down because of low demand. A company that makes Ethernet adapters is planning to expand its production facility at a cost of $1,000,000 one year from now. However, a contractor who needs work has offered to do the job for $790,000 if the company will do the expansion now instead of 1 year from now. If the interest rate is 15% per year, how much of a discount is the company getting? The answer is $79,565. ALL I NEED IS A SOLUTION TO THE PROBLEM. THANK YOU