This topic contains a solution. Click here to go to the answer

Author Question: Consider the TVM equation: the variable r may be defined as the discount rate or the growth rate ... (Read 127 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
Consider the TVM equation: the variable r may be defined as the discount rate or the growth rate depending upon how the equation is being used.
 
  What will be an ideal response?

Question 2

Your grandfather likes to tell the story about how he started with 50 head of cattle on his ranch and grew the ranch to 1,000 head of cattle. He said My plan was simple: grow the number of head of cattle at a rate of 10 per year.
 
  Your grandfather reached his goal before he retired. How long did it take him?
  A) 18.63 years
  B) 31.43 years
  C) 25.22 years
  D) 47.65 years



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chelseyj.hasty

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

Answer: TRUE

Answer to Question 2

Answer: B
Explanation: B) n = = = 31.43 years
MODE = END
INPUT ? 10 -50 0 1,000
KEY N I/Y PV PMT FV
CPT 31.43




biggirl4568

  • Member
  • Posts: 551
Reply 2 on: Jul 10, 2018
Excellent


jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The human body produces and destroys 15 million blood cells every second.

For a complete list of videos, visit our video library