In Chapter 1 of the text we looked at calculating a monthly payment for a loan. A related formula is to calculate the amount accruing when regular payments are made into an interest bearing account – often called the Savings Plan formula.
(A is the accrued amount after t years of making regular payments, PMT, into an account at interest rate, r%, compounded n times each year.)
A(t) = PMT·((1 + r/N)N·t – 1)/(r/N)
= PMT*((1 + r/N)^(N*t) – 1)/(r/N)
The second version is essentially in the form used in Excel
Suppose you want to buy a car and have decided that you can save $100 a month. Using information from an internet source, determine the current interest rate on savings accounts and use the information to answer the following:
Here is one option to research accounts that does not require personal information:
NerdWallet
A Microsoft Excel spreadsheet is required for this D
For this assignment, I will use country Kenya as the setting for the tour. Kenya is a country located in the East Africa. It is
one of the vibrant country with spectacular landscapes and variety of cultural sites.
Country
Kenya
Duration in Weeks
5
Participants
10
Population
47,564,296
Calculations
Number of Periods
Participants
Population
35
840
3024000
10
10
10
47,564,296
47,564,296
47,564,296
Per Day
Per Hour
Per Second
Running head: UNIT CONVERSION
The conversion reveals that the project is unreasonable. Kenya has a population of 47,564,296
(Githaiga,
2019). If I visit the country with ten participants for five weeks would mean that in one day, I
Source: https://www.worldometers.info/world-population/papua-new-guinea-population/
must interact with 135, 898 people. In every one hour, I and my team should meet and interact with 5,662
people. This translates to almost 2 persons per second.
untry located in the East Africa. It is
Persons per period
135,898
5,662
1.57
a population of 47,564,296
would mean that in one day, I
ld meet and interact with 5,662
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more