Time Value of Money Practice Problems − Solutions Dr. Stanley D. Longhofer 1) Jim makes a deposit of $12‚000 in a bank account. The deposit is to earn interest annually at the rate of 9 percent for seven years. a) How much will Jim have on deposit at the end of seven years? P/Y = 1‚ N = 7‚ I = 9‚ PV = 12‚000‚ PMT = 0 ⇒ FV = $21‚936.47 b) Assuming the deposit earned a 9 percent rate of interest compounded quarterly‚ how much would he have at the end of seven years? P/Y = 4‚ N = 7 × 4 = 28 ⇒ FV =
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Time Value of Money Problems 1. What will a deposit of $4‚500 at 10% compounded semiannually be worth if left in the bank for six years? a. $8‚020.22 b. $7‚959.55 c. $8‚081.55 d. $8‚181.55 2. What will a deposit of $4‚500 at 7% annual interest be worth if left in the bank for nine years? a. $8‚273.25 b. $8‚385.78 c. $8‚279.23 d. $7‚723.25 3. What will a deposit of $4‚500 at 12% compounded monthly be worth at the end of 10 years? a. $14‚351.80 b. $14‚851.80 c. $13‚997.40 d. $14
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Curtis III 26 January 2014 Grand Canyon University – HLT-205 Introduction Health care delivery has become big business throughout the world. America is without doubt the leading country of medical and scientific advances. However‚ this paper will examine the similarities and differences between two impressive health care models. The high cost of providing health care coverage has become a challenge for many countries including modern industrialized nations like the United
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Health inequities are preventable‚ socially produced disparities in the health of groups of people that are systematic in their unequal and unfair distribution across the population (1). This is unlike the similar and often inaccurately substituted word “inequality” which merely refers to the uneven distribution of health status or health resources. Equitable health care ensures equal access and utilisation of services for equal need. To achieve this it must be recognised that different populations
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Time Value of Money According to the simple calculator on Bankrate.com‚ if I place $5000 in a saving account earning 2.50% Interest compounded at the end of a four year span I would have $10‚558.93 accumulated in my account. Setting the annual interest option to semi-annual I would have $10‚563.82. This is a difference of $4.89. Setting the annual interest rate to 3% compounded annually I would have $10‚716.56 in a four year span. Setting the Annual interest option to semi-annual I would have accumulated
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agreed ways of working Page 6 – 9 Section 3: Understanding your role in the wider care sector Page 9 – 12 Section 4: Career pathways in the care sector Page 12 – 15 Section 5: Issues of public concern in the care sector Page 16 – 17 Assessment Questions Page 18 – 29 The assessment questions will cover all the criteria for the ERR unit: Understand employment responsibilities and rights in health and social care of the Level 2 Award in ERR. Where criteria have been covered is outlined in the
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America. The United Sates spends more on healthcare than any other nation. Even with Medicare and Medicaid‚ there are still almost 50 million people without healthcare coverage. They see reform as a way to provide nearly 30 million new people with health insurance. They also refute the argument that healthcare is a free market issue. There is no other service that is provided by a middle man. Democrats feel universal coverage would help solve the problems with healthcare in the U.S. Healthcare
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What is the care value base? The care value base is a range of standards for health and social care. It is designed to guide the practice of professionals working in this area. The aim of the standards is to improve clients’ quality of life‚ by ensuring that each person gets the care that is most appropriate for them as an individual. The care value base offers guidance‚ and sets standards‚ in three main areas of health and social care: ➢ Fostering equality and diversity ➢ Fostering people’s
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The United States spends more of its gross domestic product on health care than any other county‚ and yet the American Journal of Public Health estimates that nearly 45‚000 Americas die each year due to lack of adequate healthcare. In fact‚ our healthcare system ranks 37th out of the 191 countries graded by the World Health Organization. Given these grim facts‚ I certainly agree that America needs to reform its healthcare system. However‚ I do not believe that the current healthcare reform enacted
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discuss the structure of organized public health in the United States. Public health activities are performed at many levels from local to national to global. The organizations and agencies devoted to public health at these different levels share many of the same functions including dis- ease surveillance‚ policy development‚ and provision of access to health care. Local health departments are the point of contact with the individual residents‚ and care and data collection occur primarily at that
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