Cheapest Place to Stay in Hawaii
Introduction
Looking for the cheapest place to stay in Hawaii? Look no further! In this blog post, we'll
explore some of the best options for finding affordable accommodations on the islands. From
hostels to camping and more, there are plenty of ways to save money on your Hawaiian vacation.
So read on and start planning your trip today!
The Big Island - Hawaii
The Big Island is a great vacation destination for those who want to experience a variety of
activities and scenery. There is something for everyone on the Big Island, from the active
volcano to the tranquil beaches.
Here is some of the best place to visit on the Big Island: - Hawaii Volcanoes National Park: This
is a must-see for any visitors to the Big Island. The park is home to two of the world's most
active volcanoes. You can hike through lava tubes, see steam vents, and even witness lava
flowing into the ocean.
Volcano: This town is located on the east side of the island and is a great place to get away from
it all. The island is known for its lush rainforests, waterfalls, and Volcano National Park. There
are also several museums and cultural attractions in Volcano.
Maui - Hawaii
Maui is the second largest island in Hawaii and is often referred to as the “Valley Isle”. The
island is home to some of Hawaii’s most popular beaches, including Kapalua Bay, Kaanapali
Beach, and Makena Beach. Maui is also a popular destination for hiking, with trails leading to
Haleakala National Park and the Pipiwai Trail.
For budget travelers, Maui offers a number of affordable accommodation options, including
hostels and camping sites. There are also a number of cheap restaurants on the island, serving up
local favorites such as plate lunch and shave ice.
So whether you’re looking for a relaxing beach vacation or an active adventure, Maui is the
perfect place to stay in Hawaii.
Kauai - Hawaii
Kauai is one of the most popular tourist destinations in Hawaii. It is known for its stunning
natural beauty, and there are plenty of activities to keep visitors entertained. However, it can also
be one of the more expensive places to visit. Here are some tips on how to save money on your
trip to Kauai.
One of the best ways to save money is to find accommodations that are not in the heart of the
tourist district. There are plenty of vacation rentals and hotels located away from the hustle and
bustle that can offer great rates. Another option is to stay in one of the many campgrounds on
Kauai. This is an excellent way to save money and still have access to all the island’s attractions.
When it comes to meals, there are a few options for saving money. One is to cook your own
meals at your accommodation rather than eating out all the time. Another is to eat at local hole-
in-the-wall type places rather than opting for more expensive restaurants. And finally, you can
always pack your own picnic lunch.
kid-friendly vacation is to strengthen the bond between parent and their kids. It is a vacation where both kids and parents will make ever-lasting memories through the activities and fun they have.
kid-friendly vacation is to strengthen the bond between parent and their kids. It is a vacation where both kids and parents will make ever-lasting memories through the activities and fun they have.
BUSINESS VENTURE OPPORTUNITY:
Be part of an exciting business venture in the thriving country of Colombia. Seeking an angel investor for 18,000 USD to create/build comfortable accommodations for guests at Tayrona Hawaiian Village.
In the Caribbean tropics of internationally renowned, Parque Tayrona National Park, Tayrona Hawaiian Village will be a full service ECO-campground and Hostel. Just moments from the main entrance to the park, the area receives more than 6,000 tourists, daily.
We will offer camping, food, beverages, adventure tours, and much more. The goal is to create a small resort, each creating additional revenue streams and increasing wallet-share. Not only will the resort appeal to local Colombians, with sought after Hawaiian flare — the first luau in Colombia, we will also cater to international visitation by melding Colombian and Hawaiian dances, food, music and culture from the Sierra Nevada de Santa Marta Region.
REAL ESTATE OPPORTUNITY:
There are only six buildable lots at Tayrona Hawaiian Village for sale, one of which has already been sold to an American entity. After the two “early bird special” lots are sold, prices increase incrementally by 5,000.00 USD for each additional lot. Proceeds from lots sold, will be used to further develop Tayrona Hawaiian Village.
Please review business plan at (www.SlideShare.net/TayronaHawaiianVillage) and feel free to contact me, if you have any questions.
INFO@TayronaHawaiianVillage.com
BUSINESS VENTURE OPPORTUNITY:
Be part of an exciting business venture in the thriving country of Colombia. Seeking an angel investor for 18,000 USD to create/build comfortable accommodations for guests at Tayrona Hawaiian Village.
In the Caribbean tropics of internationally renowned, Parque Tayrona National Park, Tayrona Hawaiian Village will be a full service ECO-campground and Hostel. Just moments from the main entrance to the park, the area receives more than 6,000 tourists, daily.
We will offer camping, food, beverages, adventure tours, and much more. The goal is to create a small resort, each creating additional revenue streams and increasing wallet-share. Not only will the resort appeal to local Colombians, with sought after Hawaiian flare — the first luau in Colombia, we will also cater to international visitation by melding Colombian and Hawaiian dances, food, music and culture from the Sierra Nevada de Santa Marta Region.
REAL ESTATE OPPORTUNITY:
There are only six buildable lots at Tayrona Hawaiian Village for sale, one of which has already been sold to an American entity. After the two “early bird special” lots are sold, prices increase incrementally by 5,000.00 USD for each additional lot. Proceeds from lots sold, will be used to further develop Tayrona Hawaiian Village.
Please review business plan at (www.SlideShare.net/TayronaHawaiianVillage) and feel free to contact me, if you have any questions.
INFO@TayronaHawaiianVillage.com
Intermediate in many respects between Wilson's and Leach's storm-petrels. Blackish-brown overall with pale wing bars and a clear, curved white band across rump; white on rump more extensive than on Leach's but less than on Wilson's (where white extends fully onto undertail coverts). Tail slightly forked, but this feature is difficult to discern at sea; legs do not extend beyond tail in flight. Wings thinner and more angular than Wilson's, but thicker and less angular than Leach's. Larger than Wilson's. Difficult to identify reliably at sea.
The family campgrounds of Cox Hollow and Twin Valley hold the 'traditional' style of campsites. Most sites consist of a driveway with a tenting/picnic area directly adjacent (with the exception of the few walk-to sites). Each individual site consists of a fire-ring and picnic table and is limited to 6 people of one family unit. Each site is limited to one wheeled camper. There are no limits on tents as long as they are kept within the camping area.
From exciting golf packages on award-winning courses to rejuvenating spa getaways, Loews is proud to present a variety of luxury hotel specials at all of our disinct destinations. Work on your tan at one of our beachfront resorts, plan a family excursion you won't soon forget, and bring along Fido or Rex with the help of our pet-friendly promotions. Whatever you do, it will be a first-class luxury getaway without the fuss. Enjoy great rates and incredible extras with Loews. Take advantage of our luxury hotel deals to get the most out of your stay.
A Comprehensive Guide to the Summer Travel Season: Your Ultimate ResourceIsabella
Summer is the season when most people opt to travel, explore new destinations, and enjoy a break from their routine. Whether you plan to visit the mountains, the beach, or an exotic location, you need to be well-prepared to make the most of your trip. In this article, we will take you through everything you need to know about summer travel season, from the best places to visit, the latest trends, and essential tips to ensure a memorable experience.
The address (Cover story Antigua & Barbuda)Square Yards
We are overwhelmed by the warm feedback that The Address continues to receive from you since the past 3 editions. It goes a long way in reinforcing our belief and stimulating our editorial team to curate the best articles for your reading pleasure.
This month we bring you a unique realty investment based immigration program with a host of benefits to investors in the breath taking Caribbean islands of Antigua & Barbuda in our cover story.
You will also find in depth case studies on the City of Lakes - Thane and the Commercial Realty market with a special focus on Connaught Place in New Delhi.
Some useful tips on clearing clutter in homes and the use of Smart Technology to live more efficient lives are also a part of this edition.
We also throw some light on The Housing For All by 2022 program of the Govt. of India and its ramifications. There are also a couple of crisp articles on the rising trend of Holiday Homes in India and Pre-launch properties.
Hopefully you shall enjoy this edition of The Address as much as we enjoyed bringing it to you.
Looking forward to your bouquets and brickbats!
The Psychology of Money and Unlimited Wealth A Quick Guide to the Journey to ...Lucky Gods
Unlock the Secrets of Abundance with "The Psychology of Money and Unlimited Wealth: A Quick Guide to Financial Freedom, Wealth, and Happiness"!
Imagine this:
Waking up without a financial worry in the world, knowing you have everything you need and more. ♀️
Pursuing your passions with complete freedom, unshackled from the limitations of a paycheck.
Building a life of abundance and joy, where money works for you, not the other way around. ✨
"The Psychology of Money and Unlimited Wealth" is your roadmap to this reality. It's more than just a financial guide; it's a deep dive into the mindset and habits that lead to true financial freedom and lasting happiness.
With this book, you'll:
Uncover the hidden beliefs and behaviors that sabotage your financial success. ❌
Develop a healthy relationship with money, based on gratitude, generosity, and conscious spending.
Master the art of wealth creation, using proven strategies for saving, investing, and building multiple income streams.
Learn to prioritize experiences over possessions, and cultivate true contentment with what you have.
Align your finances with your values and life goals, for a life that feels truly fulfilling.
This quick guide is packed with actionable insights and practical exercises to help you:
Shift your money mindset from scarcity to abundance.
Create a budget that works for you, not against you. ️
Invest with confidence, even if you're a beginner.
Build passive income streams for a future of financial security.
Live a life of generosity and make a positive impact on the world.
No matter your current financial situation, "The Psychology of Money and Unlimited Wealth" has the power to transform your relationship with money and propel you towards a life of freedom, abundance, and true happiness.
So, are you ready to unlock your financial potential and create the life you truly desire?
Grab your copy of "The Psychology of Money and Unlimited Wealth" today and start your journey to financial freedom!
P.S. Don't forget to check out the bonus resources:
Interactive worksheets and exercises to put your learnings into action.
Inspiring stories of people who have achieved financial freedom.
A curated list of additional resources to deepen your understanding.
Use and distribution of this article is subject to our Publish.docxdickonsondorris
Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author's information and copyright must be included.
Travel Tips For A Smooth Vacation Experience by
Twana Loveless
in Travel (submitted 2012-12-23)
Due to current economic conditions, you might be under pressure to save more money
and hold off on taking a vacation. This article is filed with useful tips you can use to
save money while traveling.
A vacation does not mean that it has to be far from home. There are plenty of vacation
spots in your state or perhaps one that is close by. This will help your local economy
and save you money at the same time. You might be surprised by the attractions that
are hidden so close to home.
When you're planning a vacation, always take the weather into consideration. By using
available weather forecasting sites, you can determine projected weather conditions at
your destination. It will be a real disappointment if you end up on a chilly Florida beach
or a Colorado ski slope with melting snow.
Make sure your dog is easily accustomed to new places if you plan on traveling
together. Your pet should be leash trained and listen well; you should always keep
them on a leash if you are around a lot of people. Controlling your pet ensures their
safety when you travel.
If you're traveling somewhere where you'll need tickets, like amusement parks or a
play, look for ways to have them ahead of time. This is more than worth the huge lines
that you will avoid. Timed entry is another option that can allow you to bypass long
lines to pay for admission.
There should be a label inside your luggage with your contact information. Place it in a
spot that anyone will be able to see it when they open it. Be sure to include your
name, home address, and phone number. Doing this can really be a lifesaver if your
luggage is separated from you, so when someone else finds it, they can contact you.
The more times you see your luggage, the more chances you have in preventing losing
your belongings.
If you plan going camping or hiking, be sure to keep a map handy of the surrounding
area. You'll need a compass to make sense of the maps, but a GPS would be the
ultimate safety tool.
One thing you can do on an international trip to make things easier is get your money
exchanged before you depart. Many countries make it hard to exchange currency after
hours, which can be a problem. The bank is your best bet for a safe exchange for
another country's currency.
If you enjoy visiting the gorgeous National Parks and plan to do so often, consider
investing in an affordable National Park Pass. These passes only need to be renewed
annually and are fifty dollars total.
Sleeping pills can help get you through a long flight. A lot of people find it hard to sleep
on planes, because the seats aren't beds, and there is a lot of external noise in
unfamiliar surroundings. To get through your flight as painless as po ...
How to travel the world on 50$ day by Gary HourseltGary Hourselt
Gary Hourselt told you how we can travel whole world on the expenditure 50$ per days. There are some most beautyfull places and most of countries includes on it.
The travel industry lies to you. They tell you travel is expensive and can't be done often. They are wrong. Once I started traveling, I realized that everything you are taught about travel is wrong! Travel is affordable for everyone.
Here's why they lie and to really travel anywhere in the world you desire without breaking the bank.
CompetencyAnalyze how human resource standards and practices.docxbartholomeocoombs
Competency
Analyze how human resource standards and practices within the healthcare field support organizational mission, visions, and values.
Scenario
Wynn Regional Medical Center (WRMC) is the premier hospital in your area. The hospital has been in your city for over 100 years. Over the past decade, the hospital has been losing money for various reasons, though primarily due to uncompensated care. You were recently hired as the Vice President for Human Resources at WRMC, and part of your responsibilities include presenting historical information to participants of the new employee orientation.
Instructions
Create a PowerPoint presentation detailing the changing nature of the healthcare workforce. The presentation should contain speaker notes for each slide or voiceover narration. The presentation should address the following topics and questions:
Historical information on the changing healthcare workforce
How have legislation and policies changed in the past decade?
How have patient demographics changed in the past decade (baby boomers, generation X, millennials, ethnicities)?
How have patient centric approaches changed in the past decade (use of the Internet and social media to gather health information)?
Challenges associated with the changing healthcare workforce
What are some of the challenges associated with the policy and legislative changes?
What are some challenges associated with demographic changes?
What are some of the challenges associated with patients “researching” their own health instead of going to the doctor?
Current state of healthcare
What have been some of the improvements to the healthcare system over the last decade?
Resources
This
link
has information for creating a PowerPoint presentation.
Here is a
link
to information about adding speaker notes.
Here is a
link
to information about creating a voiceover narration using Screencast-O-Matic.
GRADING RUBRICS:
1.Clear and thorough explanation of the history of the changing healthcare workforce. Includes comprehensive descriptions with multiple supporting examples for each of the SUB-BULLET POINTS.
2. Clear and thorough discussion of the challenges associated with the changing healthcare workforce. Includes comprehensive descriptions with multiple supporting examples for each of the SUB-BULLET POINTS.
3. Comprehensive analysis of the current state of healthcare.
Includes a clear and thorough assessment of improvements to the healthcare system over the last decade and supports assertions with multiple supporting examples.
.
CompetencyAnalyze financial statements to assess performance.docxbartholomeocoombs
Competency
Analyze financial statements to assess performance and to ensure organizational improvement and long-term viability
.
Scenario
In an ongoing effort to explore the feasibility of expanding services into rural areas of the state, leadership at Memorial Hospital has determined that conducting a review of its financial condition will be essential to ensuring the organization’s ability to successfully achieve its expansion goals.
Instructions
The CFO has provided you with a copy of the organization’s
financial statements
. This information will be critical in evaluating the organization’s financial capacity to support the proposed expansion of services into the rural areas of the state.
You are asked to review these financial statements (which include the Income Statement, Statement of Cash Flows, and the Balance Sheet) and prepare an executive summary outlining the financial strength of the organization and evidence to support the expansion. Your executive summary should include the following:
An overview of the issue.
A review of critical financial ratios (Liquidity, Solvency, Profitability, and Efficiency) based on financial statements.
Inferences of forecasts, estimates, interpretations, and conclusions based on the key ratios.
Provide a recommendation based on ration analysis.
Resources
This
link
has information for creating an executive summary.
Grading Rubric:
1.
Comprehensive identification of summary of the issue. Includes multiple examples or supporting details.
2. Clear and thorough review of critical financial ratios--Liquidity, Solvency, Profitability, and Efficiency--based on financial statements. Includes multiple examples or supporting details per topic.
3. Clear and thorough inferences of forecasts, estimates, interpretations, and conclusions based on the key ratios. Includes multiple examples or supporting details per topic.
4. Comprehensive recommendation, based on ration analysis. Includes multiple examples or supporting details.
.
More Related Content
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BUSINESS VENTURE OPPORTUNITY:
Be part of an exciting business venture in the thriving country of Colombia. Seeking an angel investor for 18,000 USD to create/build comfortable accommodations for guests at Tayrona Hawaiian Village.
In the Caribbean tropics of internationally renowned, Parque Tayrona National Park, Tayrona Hawaiian Village will be a full service ECO-campground and Hostel. Just moments from the main entrance to the park, the area receives more than 6,000 tourists, daily.
We will offer camping, food, beverages, adventure tours, and much more. The goal is to create a small resort, each creating additional revenue streams and increasing wallet-share. Not only will the resort appeal to local Colombians, with sought after Hawaiian flare — the first luau in Colombia, we will also cater to international visitation by melding Colombian and Hawaiian dances, food, music and culture from the Sierra Nevada de Santa Marta Region.
REAL ESTATE OPPORTUNITY:
There are only six buildable lots at Tayrona Hawaiian Village for sale, one of which has already been sold to an American entity. After the two “early bird special” lots are sold, prices increase incrementally by 5,000.00 USD for each additional lot. Proceeds from lots sold, will be used to further develop Tayrona Hawaiian Village.
Please review business plan at (www.SlideShare.net/TayronaHawaiianVillage) and feel free to contact me, if you have any questions.
INFO@TayronaHawaiianVillage.com
BUSINESS VENTURE OPPORTUNITY:
Be part of an exciting business venture in the thriving country of Colombia. Seeking an angel investor for 18,000 USD to create/build comfortable accommodations for guests at Tayrona Hawaiian Village.
In the Caribbean tropics of internationally renowned, Parque Tayrona National Park, Tayrona Hawaiian Village will be a full service ECO-campground and Hostel. Just moments from the main entrance to the park, the area receives more than 6,000 tourists, daily.
We will offer camping, food, beverages, adventure tours, and much more. The goal is to create a small resort, each creating additional revenue streams and increasing wallet-share. Not only will the resort appeal to local Colombians, with sought after Hawaiian flare — the first luau in Colombia, we will also cater to international visitation by melding Colombian and Hawaiian dances, food, music and culture from the Sierra Nevada de Santa Marta Region.
REAL ESTATE OPPORTUNITY:
There are only six buildable lots at Tayrona Hawaiian Village for sale, one of which has already been sold to an American entity. After the two “early bird special” lots are sold, prices increase incrementally by 5,000.00 USD for each additional lot. Proceeds from lots sold, will be used to further develop Tayrona Hawaiian Village.
Please review business plan at (www.SlideShare.net/TayronaHawaiianVillage) and feel free to contact me, if you have any questions.
INFO@TayronaHawaiianVillage.com
Intermediate in many respects between Wilson's and Leach's storm-petrels. Blackish-brown overall with pale wing bars and a clear, curved white band across rump; white on rump more extensive than on Leach's but less than on Wilson's (where white extends fully onto undertail coverts). Tail slightly forked, but this feature is difficult to discern at sea; legs do not extend beyond tail in flight. Wings thinner and more angular than Wilson's, but thicker and less angular than Leach's. Larger than Wilson's. Difficult to identify reliably at sea.
The family campgrounds of Cox Hollow and Twin Valley hold the 'traditional' style of campsites. Most sites consist of a driveway with a tenting/picnic area directly adjacent (with the exception of the few walk-to sites). Each individual site consists of a fire-ring and picnic table and is limited to 6 people of one family unit. Each site is limited to one wheeled camper. There are no limits on tents as long as they are kept within the camping area.
From exciting golf packages on award-winning courses to rejuvenating spa getaways, Loews is proud to present a variety of luxury hotel specials at all of our disinct destinations. Work on your tan at one of our beachfront resorts, plan a family excursion you won't soon forget, and bring along Fido or Rex with the help of our pet-friendly promotions. Whatever you do, it will be a first-class luxury getaway without the fuss. Enjoy great rates and incredible extras with Loews. Take advantage of our luxury hotel deals to get the most out of your stay.
A Comprehensive Guide to the Summer Travel Season: Your Ultimate ResourceIsabella
Summer is the season when most people opt to travel, explore new destinations, and enjoy a break from their routine. Whether you plan to visit the mountains, the beach, or an exotic location, you need to be well-prepared to make the most of your trip. In this article, we will take you through everything you need to know about summer travel season, from the best places to visit, the latest trends, and essential tips to ensure a memorable experience.
The address (Cover story Antigua & Barbuda)Square Yards
We are overwhelmed by the warm feedback that The Address continues to receive from you since the past 3 editions. It goes a long way in reinforcing our belief and stimulating our editorial team to curate the best articles for your reading pleasure.
This month we bring you a unique realty investment based immigration program with a host of benefits to investors in the breath taking Caribbean islands of Antigua & Barbuda in our cover story.
You will also find in depth case studies on the City of Lakes - Thane and the Commercial Realty market with a special focus on Connaught Place in New Delhi.
Some useful tips on clearing clutter in homes and the use of Smart Technology to live more efficient lives are also a part of this edition.
We also throw some light on The Housing For All by 2022 program of the Govt. of India and its ramifications. There are also a couple of crisp articles on the rising trend of Holiday Homes in India and Pre-launch properties.
Hopefully you shall enjoy this edition of The Address as much as we enjoyed bringing it to you.
Looking forward to your bouquets and brickbats!
The Psychology of Money and Unlimited Wealth A Quick Guide to the Journey to ...Lucky Gods
Unlock the Secrets of Abundance with "The Psychology of Money and Unlimited Wealth: A Quick Guide to Financial Freedom, Wealth, and Happiness"!
Imagine this:
Waking up without a financial worry in the world, knowing you have everything you need and more. ♀️
Pursuing your passions with complete freedom, unshackled from the limitations of a paycheck.
Building a life of abundance and joy, where money works for you, not the other way around. ✨
"The Psychology of Money and Unlimited Wealth" is your roadmap to this reality. It's more than just a financial guide; it's a deep dive into the mindset and habits that lead to true financial freedom and lasting happiness.
With this book, you'll:
Uncover the hidden beliefs and behaviors that sabotage your financial success. ❌
Develop a healthy relationship with money, based on gratitude, generosity, and conscious spending.
Master the art of wealth creation, using proven strategies for saving, investing, and building multiple income streams.
Learn to prioritize experiences over possessions, and cultivate true contentment with what you have.
Align your finances with your values and life goals, for a life that feels truly fulfilling.
This quick guide is packed with actionable insights and practical exercises to help you:
Shift your money mindset from scarcity to abundance.
Create a budget that works for you, not against you. ️
Invest with confidence, even if you're a beginner.
Build passive income streams for a future of financial security.
Live a life of generosity and make a positive impact on the world.
No matter your current financial situation, "The Psychology of Money and Unlimited Wealth" has the power to transform your relationship with money and propel you towards a life of freedom, abundance, and true happiness.
So, are you ready to unlock your financial potential and create the life you truly desire?
Grab your copy of "The Psychology of Money and Unlimited Wealth" today and start your journey to financial freedom!
P.S. Don't forget to check out the bonus resources:
Interactive worksheets and exercises to put your learnings into action.
Inspiring stories of people who have achieved financial freedom.
A curated list of additional resources to deepen your understanding.
Use and distribution of this article is subject to our Publish.docxdickonsondorris
Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author's information and copyright must be included.
Travel Tips For A Smooth Vacation Experience by
Twana Loveless
in Travel (submitted 2012-12-23)
Due to current economic conditions, you might be under pressure to save more money
and hold off on taking a vacation. This article is filed with useful tips you can use to
save money while traveling.
A vacation does not mean that it has to be far from home. There are plenty of vacation
spots in your state or perhaps one that is close by. This will help your local economy
and save you money at the same time. You might be surprised by the attractions that
are hidden so close to home.
When you're planning a vacation, always take the weather into consideration. By using
available weather forecasting sites, you can determine projected weather conditions at
your destination. It will be a real disappointment if you end up on a chilly Florida beach
or a Colorado ski slope with melting snow.
Make sure your dog is easily accustomed to new places if you plan on traveling
together. Your pet should be leash trained and listen well; you should always keep
them on a leash if you are around a lot of people. Controlling your pet ensures their
safety when you travel.
If you're traveling somewhere where you'll need tickets, like amusement parks or a
play, look for ways to have them ahead of time. This is more than worth the huge lines
that you will avoid. Timed entry is another option that can allow you to bypass long
lines to pay for admission.
There should be a label inside your luggage with your contact information. Place it in a
spot that anyone will be able to see it when they open it. Be sure to include your
name, home address, and phone number. Doing this can really be a lifesaver if your
luggage is separated from you, so when someone else finds it, they can contact you.
The more times you see your luggage, the more chances you have in preventing losing
your belongings.
If you plan going camping or hiking, be sure to keep a map handy of the surrounding
area. You'll need a compass to make sense of the maps, but a GPS would be the
ultimate safety tool.
One thing you can do on an international trip to make things easier is get your money
exchanged before you depart. Many countries make it hard to exchange currency after
hours, which can be a problem. The bank is your best bet for a safe exchange for
another country's currency.
If you enjoy visiting the gorgeous National Parks and plan to do so often, consider
investing in an affordable National Park Pass. These passes only need to be renewed
annually and are fifty dollars total.
Sleeping pills can help get you through a long flight. A lot of people find it hard to sleep
on planes, because the seats aren't beds, and there is a lot of external noise in
unfamiliar surroundings. To get through your flight as painless as po ...
How to travel the world on 50$ day by Gary HourseltGary Hourselt
Gary Hourselt told you how we can travel whole world on the expenditure 50$ per days. There are some most beautyfull places and most of countries includes on it.
The travel industry lies to you. They tell you travel is expensive and can't be done often. They are wrong. Once I started traveling, I realized that everything you are taught about travel is wrong! Travel is affordable for everyone.
Here's why they lie and to really travel anywhere in the world you desire without breaking the bank.
CompetencyAnalyze how human resource standards and practices.docxbartholomeocoombs
Competency
Analyze how human resource standards and practices within the healthcare field support organizational mission, visions, and values.
Scenario
Wynn Regional Medical Center (WRMC) is the premier hospital in your area. The hospital has been in your city for over 100 years. Over the past decade, the hospital has been losing money for various reasons, though primarily due to uncompensated care. You were recently hired as the Vice President for Human Resources at WRMC, and part of your responsibilities include presenting historical information to participants of the new employee orientation.
Instructions
Create a PowerPoint presentation detailing the changing nature of the healthcare workforce. The presentation should contain speaker notes for each slide or voiceover narration. The presentation should address the following topics and questions:
Historical information on the changing healthcare workforce
How have legislation and policies changed in the past decade?
How have patient demographics changed in the past decade (baby boomers, generation X, millennials, ethnicities)?
How have patient centric approaches changed in the past decade (use of the Internet and social media to gather health information)?
Challenges associated with the changing healthcare workforce
What are some of the challenges associated with the policy and legislative changes?
What are some challenges associated with demographic changes?
What are some of the challenges associated with patients “researching” their own health instead of going to the doctor?
Current state of healthcare
What have been some of the improvements to the healthcare system over the last decade?
Resources
This
link
has information for creating a PowerPoint presentation.
Here is a
link
to information about adding speaker notes.
Here is a
link
to information about creating a voiceover narration using Screencast-O-Matic.
GRADING RUBRICS:
1.Clear and thorough explanation of the history of the changing healthcare workforce. Includes comprehensive descriptions with multiple supporting examples for each of the SUB-BULLET POINTS.
2. Clear and thorough discussion of the challenges associated with the changing healthcare workforce. Includes comprehensive descriptions with multiple supporting examples for each of the SUB-BULLET POINTS.
3. Comprehensive analysis of the current state of healthcare.
Includes a clear and thorough assessment of improvements to the healthcare system over the last decade and supports assertions with multiple supporting examples.
.
CompetencyAnalyze financial statements to assess performance.docxbartholomeocoombs
Competency
Analyze financial statements to assess performance and to ensure organizational improvement and long-term viability
.
Scenario
In an ongoing effort to explore the feasibility of expanding services into rural areas of the state, leadership at Memorial Hospital has determined that conducting a review of its financial condition will be essential to ensuring the organization’s ability to successfully achieve its expansion goals.
Instructions
The CFO has provided you with a copy of the organization’s
financial statements
. This information will be critical in evaluating the organization’s financial capacity to support the proposed expansion of services into the rural areas of the state.
You are asked to review these financial statements (which include the Income Statement, Statement of Cash Flows, and the Balance Sheet) and prepare an executive summary outlining the financial strength of the organization and evidence to support the expansion. Your executive summary should include the following:
An overview of the issue.
A review of critical financial ratios (Liquidity, Solvency, Profitability, and Efficiency) based on financial statements.
Inferences of forecasts, estimates, interpretations, and conclusions based on the key ratios.
Provide a recommendation based on ration analysis.
Resources
This
link
has information for creating an executive summary.
Grading Rubric:
1.
Comprehensive identification of summary of the issue. Includes multiple examples or supporting details.
2. Clear and thorough review of critical financial ratios--Liquidity, Solvency, Profitability, and Efficiency--based on financial statements. Includes multiple examples or supporting details per topic.
3. Clear and thorough inferences of forecasts, estimates, interpretations, and conclusions based on the key ratios. Includes multiple examples or supporting details per topic.
4. Comprehensive recommendation, based on ration analysis. Includes multiple examples or supporting details.
.
CompetencyAnalyze ethical and legal dilemmas that healthcare.docxbartholomeocoombs
Competency
Analyze ethical and legal dilemmas that healthcare workers may encounter in the medical field.
Instructions
You have recently been promoted to Health Services Manager at Three Mountains Regional Hospital, a small hospital located in a mid-size city in the Midwest. Three Mountains is a general medical and surgical facility with 400 beds. Last year there were approximately 62,000 emergency visits and 15,000 admissions. More than 6,000 outpatient and 10,000 inpatient surgeries were performed.
An important aspect of the provider/patient relationship pertains to open communication and trust. Patients want to know that their doctors and the support staff associated with their care understand their wishes and will abide by them. Ideally, these conversations happen well before an emergency or procedure takes place; however, often times this information is missing from a patient's file. As part of Three Mountains' initiative to build trust with their patients, an increased emphasis has been placed on obtaining living wills from the patient as part of the intake process to ensure that the healthcare team has written directives of the patient's wishes in case of incapacitation. You will be creating a living will for a patient and provide educational information as to why the patient should fill it out during the admission process before a procedure.
Introduction:
Explain the definition of a living will and its key components. This section will provide an educational overview of the document for the patient.
Living Will Template:
Create a living will that can serve as a template to the patients. This should cover the basic treatment issues such as resuscitation, feeding tubes, ventilation, organ and tissue donations, etc. Provide instructions in the template that can be easily altered, depending on each patient's wishes.
Summary:
In this section, you will discuss the importance of this document and encourage patients to complete it. Address how this document ensures that a patient's wishes are known and followed by the healthcare team.
NOTE
- APA formatting and proper grammar, punctuation, and form required. APA help is available
here.
.
CompetencyAnalyze ethical and legal dilemmas that healthcare wor.docxbartholomeocoombs
Competency
Analyze ethical and legal dilemmas that healthcare workers may encounter in the medical field.
Instructions
You have recently been promoted to Health Services Manager at Three Mountains Regional Hospital, a small hospital located in a mid-size city in the Midwest. Three Mountains is a general medical and surgical facility with 400 beds. Last year there were approximately 62,000 emergency visits and 15,000 admissions. More than 6,000 outpatient and 10,000 inpatient surgeries were performed.
An important aspect of the provider/patient relationship pertains to open communication and trust. Patients want to know that their doctors and the support staff associated with their care understand their wishes and will abide by them. Ideally, these conversations happen well before an emergency or procedure takes place; however, often times this information is missing from a patient's file. As part of Three Mountains' initiative to build trust with their patients, an increased emphasis has been placed on obtaining living wills from the patient as part of the intake process to ensure that the healthcare team has written directives of the patient's wishes in case of incapacitation. You will be creating a living will for a patient and provide educational information as to why the patient should fill it out during the admission process before a procedure.
Introduction:
Explain the definition of a living will and its key components. This section will provide an educational overview of the document for the patient.
Living Will Template:
Create a living will that can serve as a template to the patients. This should cover the basic treatment issues such as resuscitation, feeding tubes, ventilation, organ and tissue donations, etc. Provide instructions in the template that can be easily altered, depending on each patient's wishes.
Summary:
In this section, you will discuss the importance of this document and encourage patients to complete it. Address how this document ensures that a patient's wishes are known and followed by the healthcare team.
NOTE
- APA formatting and proper grammar, punctuation, and form required.
.
CompetencyAnalyze collaboration tools to support organizatio.docxbartholomeocoombs
Competency
Analyze collaboration tools to support organizational goals.
Scenario
You are a new manager at Elliot Building Supplies International who has seen huge success in managing your global team remotely. This success has been shown in the team outcomes/production and employee satisfaction and engagement. Senior leadership has taken notice of your success and has asked you to create a presentation to share with your peers, who also manage remotely, that explains the best collaboration tools for remote teams. Also, you will explain the best way to manage effectively and create a motivating and satisfying work environment that supports collaboration.
Instructions
You will need to include the following in your PowerPoint presentation.
Presentation welcome/introduction slide.
Collaboration tools that you have used to be successful.
This should include at least 4 different types of tools.
Each type should be explained in detail, along with the benefits it provides.
Critical skills to successfully manage remote employees.
Closing slide to share final thoughts and ideas.
.
Competency Checklist and Professional Development Resources .docxbartholomeocoombs
Competency Checklist and Professional Development Resources
An important and yet often overlooked function of leadership in an early childhood program is the ability to positively influence the people in the program. For this group assignment, consider the characteristics of a leader who can support and lead teachers in reflective teaching. This type of self-reflection is the first step to understanding how a supervisor supports teachers to accomplish their goals through mentoring. For this assignment, your group will need to address the following two components:
Part 1
: Consider the following question as your group completes the competency checklist below: What might be evidence that a teacher leader possesses the competence to also be a mentor? You are encouraged to evenly divide the competencies among your group, so that each member contributes to providing brief examples of interactions while highlighting the characteristic(s) that demonstrates each competency. While this portion can be completed independently, you should then collaborate to ensure that each group member provides feedback before submitting the full collaborative document.
Competency Checklist
Competency
Describe an example of a teacher-leader with children (when acting as a teacher)
Describe an example of a teacher-leader with adults (when acting as a supervisor)
Listens well, does not interrupt, and respects the pace of the other person
Is able to wait for others to discover solutions, form own ideas, and reflect
Asks questions that encourage details
Is aware of and comfortable with his or her feelings and the emotions of others
Is responsive to others
Guides, nurtures, supports, and empathizes
Integrates emotion and intellect
Fosters reflection or wondering by others
Is aware of how others’ reactions affect a process of dialogue and reflection, including sensitivity to bias and cultural context
Is willing to have consistent and predictable meeting times and places
Is flexible and available
Is able to form trusting relationships
Part 2:
Professional Development Resources Document
–Early childhood programs have numerous curriculum options which may contribute to a need to support teachers and staff in a curriculum context they are not familiar with. Therefore, as we prepare to support protégés, we can refer to the National Association of the Education of Young Children core standards for professional development, to promote the use of best practices. These six core standards, briefly describe what early childhood professionals should know and be able to do. After reading each of the
NAEYC Standards for Early Childhood Professional Preparation Programs (Links to an external site.)
, focus on the first four standards:
STANDARD 1.
PROMOTING CHILD DEVELOPMENT AND LEARNING
STANDARD 2.
BUILDING FAMILY AND COMMUNITY RELATIONSHIPS
STANDARD 3.
OBSERVING, DOCUMENTING, AND ASSESSING TO SUPPORT YOUNG CHILDREN AND FAMILIES
STANDARD 4.
US.
Competency 6 Enagage with Communities and Organizations (3 hrs) (1 .docxbartholomeocoombs
Competency 6: Enagage with Communities and Organizations (3 hrs) (1 to 2 Pages)
Behavior: use empathy, reflection, and interpersonal skills to effectively engage diverse clients and constituencies.
For this assignment, you are to explore how your community is addressing the needs of its citizens during the CoVID 19 situation. Explore how you can consult and connect with community leaders and organizations to be a part of solutions in your community. Provide a detailed account of your exploration of community needs, as well as how you participated at the community level to address the needs of your community.
.
Competency 2 Examine the organizational behavior within busines.docxbartholomeocoombs
Competency 2: Examine the organizational behavior within business systems
Provide the name of the corporation you will be using as the basis for this project.
Provide the organization’s purpose or mission statement.
Describe the organization's industry.
Provide the name and position of the person interviewed during this portion of the assignment (indicate as much pertinent information (e.g., length of service with company, previous roles in the company, educational background, etc.).
Provide the list of interview questions you asked the manager/executive.
Indicate which two - three of the following concepts from this competency that you intend to evaluate the organization/team on and describe the company’s/team’s current situation with each topic you’ve selected:
Motivational theories
Psychological contract
Job design
Use of evaluation, feedback and rewards
Misbehavior
Individual or organizational stress
Provide citations in APA format for any references
.
CompetenciesEvaluate the challenges and benefits of employ.docxbartholomeocoombs
Competencies
Evaluate the challenges and benefits of employing a diverse workforce.
Design a plan for conducting business and managing employees in a global society.
Critique the actions of organizations as they integrate diverse perspectives into their cultures.
Evaluate the role of identity, diverse segments, and cultural backgrounds within organizations.
Attribute different cultural perspectives to current social-cultural dimensions.
Analyze the importance of managing a diverse workforce.
Scenario Information
Your company has been nominated for a national diversity award associated with your efforts and dedication to diversity initiatives in the workplace and their impact on the organization and community. You have been asked to summarize your efforts for the year in a slide presentation for the diversity committee who selects the winner. Be sure to include details of the changes you made in your organization and the impact the changes made.
Instructions
As part of your nomination, you have been asked to create a slide presentation including a voice recording for your entry (Voice Recording not needed). Remember your audience when giving your presentation and include the following slides:
Title slide
Highlighting the importance of workplace diversity
Discussing the points that were included in your diversity plan
Describing how culture and inclusion impact your organization
Providing examples of how diverse workgroups work together in the workplace
Gives examples of strategies used to incorporate Hofstede's cultural dimensions in a global workforce
Provides best practices for managers associated with managing a diverse, global workforce
Conclusion slide that includes a summary of why you should win this award
Any additional, relevant information
References
.
CompetenciesDescribe the supply chain management principle.docxbartholomeocoombs
Competencies
Describe the supply chain management principles through the flow of information, materials, services, and resources.
Analyze the external and internal drivers that influence supply chain principles.
Evaluate supply chain management operational best practices.
Compare the nature of logistics operations and services in both international and domestic contexts.
Apply strategic supply chain management to logistics systems.
Analyze different software systems and technology strategies used in supply chain management.
Scenario
You have just been promoted to Senior Analyst at Mitchell Consulting, a firm that specializes in providing managerial expertise in supply chain management. After completing many assignments under the supervision of a Senior Analyst, your role now allows you to make selections for clients. You are assigned a new client, Scent
Solution
s. Your new manager, Partner Ronda Anderson, has directed you to work on this case and provide analysis and options to resolve the problems directly to the client.
Scent
.
CompetenciesABCDF1.1 Create oral, written, or visual .docxbartholomeocoombs
Competencies
A
B
C
D
F
1.1: Create oral, written, or visual communications appropriate to the audience, purpose, and context.
4 points
Key Criteria: Tailors communication to purpose, context, and target audience. Clearly articulates the thesis and purpose, and supports the thesis and purpose with authentic and appropriate evidence. Provides smooth transitions and leaves no awkward gaps from point to point. Shows coherent progress from the introduction to the conclusion with no unnecessary sections.
3 points
Key Criteria: Tailors communication to purpose, context, and target audience. Articulates the thesis and purpose, and supports the thesis and purpose with authentic and appropriate evidence. Generally provides smooth transitions and leaves few awkward gaps from point to point. Shows identifiable progress from the introduction to the conclusion with no unnecessary sections.
2 points
Key Criteria: Considers the purpose, context, and target audience. Articulates the thesis and purpose, and shows some evidence supporting both. Some transitions are not smooth, and there are occasional gaps or awkward connections from point to point. There is a sense of progress from the introduction through the conclusion, but the organization may not be completely clear.
1 point
Key Criteria: Does not tailor communication well in terms of purpose, context, and target audience. Provides a weak thesis, unclear purpose, and little or no evidence to support points. Transitions may be rough or nonexistent, and there are significant gaps or connections between points that leave sections incomprehensible. Progress from the introduction through the conclusion is difficult to decipher, and there may be some material that is unrelated to thesis and purpose.
0 points
Key Criteria: Does not tailor communication in terms of purpose, context, and target audience. Lacks a good thesis and has little or no evidence to support a thesis. Transitions are rough or nonexistent, and there are few discernable connections from point to point. There is no identifiable progress from the introduction through the conclusion, and/or there is substantial material that is unrelated to thesis and purpose.
1.2: Communicate using appropriate writing conventions, including spelling, grammar, mechanics, word choice, and format.
4 points
Uses a format that is highly appropriate to the writing task and carefully tailors the style and tone to the specific audience. Aligns both the writing style and grammar usage to standards appropriate to the task.
3 points
Uses a format that is appropriate to the writing task and tailors the style and tone to the specific audience. Aligns both the writing style and grammar usage to standards appropriate to the task.
2 points
Generally has a clear purpose, but there may be a gap between the format used and the writing task. Fails to fully align the style and tone to the audience, or fails to fully define the audience for the writing task. Has some style or grammar.
COMPETENCIES734.3.4 Healthcare Utilization and Finance.docxbartholomeocoombs
COMPETENCIES
734.3.4
:
Healthcare Utilization and Finance
The graduate analyzes financial implications related to healthcare delivery, reimbursement, access, and national initiatives.
INTRODUCTION
It is essential that nurses understand the issues related to healthcare financing, including local, state, and national healthcare policies and initiatives that affect healthcare delivery. As a patient advocate, the professional nurse is in a position to work with patients and families to access available resources to meet their healthcare needs.
REQUIREMENTS
Your submission must be your original work. No more than a combined total of 30% of the submission and no more than a 10% match to any one individual source can be directly quoted or closely paraphrased from sources, even if cited correctly. An originality report is provided when you submit your task that can be used as a guide.
You must use the rubric to direct the creation of your submission because it provides detailed criteria that will be used to evaluate your work. Each requirement below may be evaluated by more than one rubric aspect. The rubric aspect titles may contain hyperlinks to relevant portions of the course.
A. Compare the U.S. healthcare system with the healthcare system of Great Britain, Japan, Germany, or Switzerland, by doing the following:
1. Identify
one
country from the following list whose healthcare system you will compare to the U.S. healthcare system: Great Britain, Japan, Germany, or Switzerland.
2. Compare access between the
two
healthcare systems for children, people who are unemployed, and people who are retired.
a. Discuss coverage for medications in the two healthcare systems.
b. Determine the requirements to get a referral to see a specialist in the two healthcare systems.
c. Discuss coverage for preexisting conditions in the two healthcare systems.
3. Explain
two
financial implications for patients with regard to the healthcare delivery differences between the two countries (i.e.; how are the patients financially impacted).
B. Acknowledge sources, using in-text citations and references, for content that is quoted, paraphrased, or summarized.
C. Demonstrate professional communication in the content and presentation of your submission.
File Restrictions
File name may contain only letters, numbers, spaces, and these symbols: ! - _ . * ' ( )
File size limit: 200 MB
File types allowed: doc, docx, rtf, xls, xlsx, ppt, pptx, odt, pdf, txt, qt, mov, mpg, avi, mp3, wav, mp4, wma, flv, asf, mpeg, wmv, m4v, svg, tif, tiff, jpeg, jpg, gif, png, zip, rar, tar, 7z
RUBRIC
A1:COUNTRY TO COMPARE
NOT EVIDENT
A country for comparison is not identified.
APPROACHING COMPETENCE
The identified country for comparison is not from the given list.
COMPETENT
The identified country for comparison is from the given list.
A2:ACCESS
NOT EVIDENT
A comparison of healthcare system access is not provided.
APPROACHING COMPETENCE
The comparison does not acc.
Competencies and KnowledgeWhat competencies were you able to dev.docxbartholomeocoombs
Competencies and Knowledge
What competencies were you able to develop in researching and writing the course Comprehensive Project? How did you leverage knowledge gained in the assignments (Units 1–4) in completing the Comprehensive Project? How will these competencies and knowledge support your career advancement in management
.
Competencies and KnowledgeThis assignment has 2 parts.docxbartholomeocoombs
Competencies and Knowledge
This assignment has 2 parts:
What competencies were you able to develop in researching and writing the course Comprehensive Project? How did you leverage knowledge gained in the intellipath assignments (Units 1- 4) in completing the Comprehensive Project? How will these competencies and knowledge support your career advancement in management?
Discuss the similarities and differences between shareholder wealth maximization and stakeholder wealth maximization.
.
Competencies and KnowledgeThis assignment has 2 partsWhat.docxbartholomeocoombs
Competencies and Knowledge
This assignment has 2 parts:
What competencies were you able to develop in researching and writing the course Comprehensive Project? How did you leverage knowledge gained in the intellipath assignments (Units 1- 4) in completing the Comprehensive Project? How will these competencies and knowledge support your career advancement in management?
Discuss the similarities and differences between shareholder wealth maximization and stakeholder wealth maximization.
.
Competences, Learning Theories and MOOCsRecent Developments.docxbartholomeocoombs
Competences, Learning Theories and MOOCs:
Recent Developments in Lifelong Learning
Karl Steffens
Introduction
We think of our societies as ‘knowledge societies’ in which lifelong learning is
becoming increasingly important. Lifelong learning refers to the idea that people
not only learn in schools and universities, but also in non-formal and informal
ways during their lifespan.The concepts of lifelong learning and lifelong education
began to enter the discourse on educational policies in the late 1960s (Tuijnman
& Boström, 2002). However, these are related, but distinct concepts. As Lee (2014,
p. 472) notes ‘the terminological change (from lifelong education, continuing
education and adult education, to lifelong learning) reflects a conceptual departure
from the idea of organised educational provision to that of a more individualised
pursuit of learning’.
One of the first important documents on lifelong learning was the report of the
International Commission on the Development of Education to UNESCO in
1972, titled ‘Learning to be. The world of education today and tomorrow’. In his
introductory letter to the Director-General of UNESCO, the chairman of the
Commission, Edgar Faure, stated that the work of the Commission was based on
four assumptions (see Elfert pp. and Carneiro pp. in this issue). The first was
related to the idea that there was an international community which was united by
common aspirations and the second was the belief in democracy and in education
as its keystones. The third was ‘that the aim of development is the complete
fulfilment of man, in all the richness of his personality, the complexity of his forms
of expression and his various commitments — as individual, member of a family
and of a community, citizen and producer, inventor of techniques and creative
dreamer’. The last assumption was that ‘only an over-all, lifelong education can
produce the kind of complete man, the need for whom is increasing with the
continually more stringent constraints tearing the individual asunder’ (Faure,
1972, p. vi).
Following the Faure Report, the UNESCO Institute for Education, which
was founded in Germany in 1951, started to focus on lifelong learning and
subsequently became the UNESCO Institute for Lifelong Learning (UIL, http://
uil.unesco.org/home/). It was under its leadership that a formal model of lifelong
education was developed and published in the book ‘Towards a System of Life-
long Education’ (Cropley, 1980). The concept of lifelong learning also became
manifest in the ‘Education for All’ (EFA) agenda that was launched at the World
Conference on Education for All which took place in Jomtien (Thailand) in
1990 (Inter-Agency Commission, 1990). Ten years later, at the World Education
Forum in Dakar (Senegal) in 2000, the Dakar Framework for Action was
designed ‘to enable all individuals to realize their right to learn and to fulfil their
responsibility to contribute to the development of their society’ (UNESCO,
2000, p..
Compensation & Benefits Class 700 words with referencesA stra.docxbartholomeocoombs
Compensation & Benefits Class 700 words with references
A strategic purpose for a well-blended compensation program, one that includes various types of direct compensation, is gaining employee commitment and productivity. One of the most effective tactics for this strategy is designing a process for linking individual achievement to organizational goals.
Prepare a report to senior leaders addressing the following:
·
Explain the concept of tying performance to organizational goals.
·
Describe the different types of individual and group-level performance measurements.
·
What are the advantages and disadvantages of individual versus group-level performance recognition?
·
Discuss the options an organization has to link individual or group monetary rewards to organizational success.
·
Develop recommendations for how to implement, monitor, and evaluate such a program.
.
Compensation, Benefits, Reward & Recognition Plan for V..docxbartholomeocoombs
Compensation, Benefits, Reward & Recognition Plan for V.P. Operations
Learning Team B
HRM 595
December 19, 2017
Rosalie M. Lopez
Running head: COMPENSATION, BENEFITS, REWARD & RECOGNITION PLAN
1
COMPENSATION, BENEFITS, REWARD & RECOGNITION PLAN
2
Compensation, Benefits, Reward & Recognition Plan for V.P. Operations
Introduction
Base Salary Range
For the position of VP of Operations, the National Average Salary is $122,624. In San Francisco, the average is higher and placed at $155,946. This amount is 16% higher than the National Average (Payscale, 2016). The reason for this increase is because of experience and geography. These are the two prime factors that impact the pay scale. Another major factor is the employer. Most employers base their decision to hire an individual on the experience they bring with them. Of course, with more experience, higher pay is required. With our company cutting cost a less experienced individual would be the best fit for the position.
Standard Employee Benefit
In many cases, your employee benefits could be the turning point for a prospective employee. This benefit is a vital portion of any employee packet. These valuable benefits are used as a blanket of security in the case of any sickness, injury, unemployment, old age, or death (Gomez-Mejia, Balkin & Cardy, 2015, p. 362). There is a significant difference between incentives and benefits: benefits are financial and nonfinancial compensations that are indirect to the employee. To have a competitive strategy Blossoms Up! must align their profits with the compensation package that has been already put in place. This action will help provide flexibility to the amount and the benefits available (Gomez-Mejia et al., 2015).
There are also some benefits that most companies are legally obligated to provide. Three benefits are required regardless of the number of employees that the company has. These interests involve social security, workers compensation, and unemployment insurance (Gomez-Mejia et al., 2015). Other laws must be adhered to when dealing with a certain number of individuals. When a company has 50 or more employee they must have the Family and Medical Leave Act in place and since its induction in 2015 the Affordable Care Act for Health Insurance for companies with 20 or more employees. For the health insurance to be considered standard medical, vision and dental plans must be made available to the business. These programs that must be regarded as being under the Health Maintenance Organization (HMO) or a Preferred Provider Organization (PPO) (Gomez-Mejia et al., 2015).
There are some voluntary benefits that we can include. We are already looking into adding a pension package using the Defined Contribution Plan as well as the 401(K) plan (Gomez-Mejia et al., 2015). Life insurance is another excellent benefit that could be added to the package as well as short-term and long-term disability insurance. Adding Vacation and PTO, and Holiday pay is .
Compete the following tablesTheoryKey figuresKey concepts o.docxbartholomeocoombs
Compete the following tables:
Theory
Key figures
Key concepts of personality formation
Explanation of the disordered personality
Scientific credibility
Comprehensiveness
Applicability
Attachment
Complete the following...200-300 words..
Is Freud's theory a viable theory for this century?
Provide reasons for
your
view.
.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Cheapest Place to Stay in Hawaii Introduction Lookin.docx
1. Cheapest Place to Stay in Hawaii
Introduction
Looking for the cheapest place to stay in Hawaii? Look no
further! In this blog post, we'll
explore some of the best options for finding affordable
accommodations on the islands. From
hostels to camping and more, there are plenty of ways to save
money on your Hawaiian vacation.
So read on and start planning your trip today!
The Big Island - Hawaii
The Big Island is a great vacation destination for those who
want to experience a variety of
activities and scenery. There is something for everyone on the
Big Island, from the active
volcano to the tranquil beaches.
Here is some of the best place to visit on the Big Island: -
Hawaii Volcanoes National Park: This
is a must-see for any visitors to the Big Island. The park is
2. home to two of the world's most
active volcanoes. You can hike through lava tubes, see steam
vents, and even witness lava
flowing into the ocean.
Volcano: This town is located on the east side of the island and
is a great place to get away from
it all. The island is known for its lush rainforests, waterfalls,
and Volcano National Park. There
are also several museums and cultural attractions in Volcano.
Maui - Hawaii
Maui is the second largest island in Hawaii and is often referred
to as the “Valley Isle”. The
island is home to some of Hawaii’s most popular beaches,
including Kapalua Bay, Kaanapali
Beach, and Makena Beach. Maui is also a popular destination
for hiking, with trails leading to
Haleakala National Park and the Pipiwai Trail.
For budget travelers, Maui offers a number of affordable
accommodation options, including
hostels and camping sites. There are also a number of cheap
restaurants on the island, serving up
local favorites such as plate lunch and shave ice.
3. So whether you’re looking for a relaxing beach vacation or an
active adventure, Maui is the
perfect place to stay in Hawaii.
Kauai - Hawaii
Kauai is one of the most popular tourist destinations in Hawaii.
It is known for its stunning
natural beauty, and there are plenty of activities to keep visitors
entertained. However, it can also
be one of the more expensive places to visit. Here are some tips
on how to save money on your
trip to Kauai.
One of the best ways to save money is to find accommodations
that are not in the heart of the
tourist district. There are plenty of vacation rentals and hotels
located away from the hustle and
bustle that can offer great rates. Another option is to stay in one
of the many campgrounds on
Kauai. This is an excellent way to save money and still have
access to all the island’s attractions.
When it comes to meals, there are a few options for saving
money. One is to cook your own
4. meals at your accommodation rather than eating out all the time.
Another is to eat at local hole-
in-the-wall type places rather than opting for more expensive
restaurants. And finally, you can
always pack your own picnic lunch or snacks when heading out
for a day of exploring Kauai’s
beautiful scenery.
Oahu - Hawaii
Oahu is the third largest of the Hawaiian Islands and is home to
the state capital, Honolulu. Oahu
is a popular tourist destination for its beautiful beaches, surfing,
and hiking. The island also has a
rich history and culture.
If you’re looking for a cheap place to stay in Hawaii, Oahu is a
great option. There are a number
of hostels and budget hotels on the island. You can also find
affordable Airbnbs.
When it comes to food, Oahu has you covered. There are plenty
of cheap eats, from food trucks
to local restaurants. And if you want to splurge on a nice meal,
5. there are plenty of options for
that as well.
So what are you waiting for? Start planning your trip to Oahu
today!
How to find the best deals on cottages
There are a few things to keep in mind when looking for the
best deals on cottages in Hawaii.
First, consider the time of year you want to travel. The summer
months are generally the most
expensive, so if you're flexible with your travel dates, try to
visit during the shoulder season
(April-May or September-October).
Secondly, take advantage of online resources like Lotus Garden
and Airbnb which offer a wide
variety of rental properties at different price points. And
finally, don't forget to ask around!
Friends and family who have previously visited Hawaii may
have insider tips on where to find
the best deals on vacation rentals.
How to Save Money on Your Trip to Hawaii
1. Research, research, research! The internet is a wealth of
information and there are plenty of
6. websites and forums dedicated to helping travelers save money
on their trips. Be sure to read up
on the best ways to save money before you book your trip.
2. Once you've decided where you want to go in Hawaii, start
looking for deals and discounts.
Travel during the off-season or shoulder season if possible to
get the best rates on
accommodations and activities.
3. Consider alternative lodging options such as vacation rentals,
hostels, or Couch surfing. These
can be much cheaper than traditional hotels, especially if you're
traveling with a group.
4. When it comes to food, eat like a local! Sample the street
food, find cheap eats at hole-in-the-
wall restaurants, and pack your own snacks for when you're on
the go.
5. Take advantage of free activities and attractions whenever
possible. Many museums and
cultural sites offer free admission days or discounted rates for
Hawai'i residents or visitors from
8. your monthly expenditures on espresso requires only arithmetic,
when we start saving,
planning for retirement, or need a loan, we need more
mathematics.
Simple Interest
Discussing interest starts with the principal, or amount your
account starts with. This could
be a starting investment, or the starting amount of a loan.
Interest, in its most simple form, is
calculated as a percent of the principal. For example, if you
borrowed $100 from a friend
and agree to repay it with 5% interest, then the amount of
interest you would pay would just
be 5% of 100: $100(0.05) = $5. The total amount you would
repay would be $105, the
original principal plus the interest.
Simple One-time Interest
0I P r=
( )0 0 0 0 1A P I P P r P r= + = + = +
I is the interest
A is the end amount: principal plus interest
9. P0 is the principal (starting amount)
r is the interest rate (in decimal form. Example: 5% = 0.05)
Example 1
A friend asks to borrow $300 and agrees to repay it in 30 days
with 3% interest. How much
interest will you earn?
P0 = $300 the principal
r = 0.03 3% rate
I = $300(0.03) = $9. You will earn $9 interest.
One-time simple interest is only common for extremely short-
term loans. For longer term
loans, it is common for interest to be paid on a daily, monthly,
quarterly, or annual basis. In
that case, interest would be earned regularly. For example,
bonds are essentially a loan made
to the bond issuer (a company or government) by you, the bond
holder. In return for the
loan, the issuer agrees to pay interest, often annually. Bonds
10. have a maturity date, at which
time the issuer pays back the original bond value.
Example 2
Suppose your city is building a new park, and issues bonds to
raise the money to build it.
You obtain a $1,000 bond that pays 5% interest annually that
matures in 5 years. How much
interest will you earn?
198
Each year, you would earn 5% interest: $1000(0.05) = $50 in
interest. So over the course of
five years, you would earn a total of $250 in interest. When the
bond matures, you would
receive back the $1,000 you originally paid, leaving you with a
total of $1,250.
We can generalize this idea of simple interest over time.
Simple Interest over Time
11. 0I P rt=
( )0 0 0 0 1A P I P P rt P rt= + = + = +
I is the interest
A is the end amount: principal plus interest
P0 is the principal (starting amount)
r is the interest rate in decimal form
t is time
The units of measurement (years, months, etc.) for the time
should match the time
period for the interest rate.
APR – Annual Percentage Rate
Interest rates are usually given as an annual percentage rate
(APR) – the total interest
that will be paid in the year. If the interest is paid in smaller
time increments, the APR
will be divided up.
For example, a 6% APR paid monthly would be divided into
twelve 0.5% payments.
12. A 4% annual rate paid quarterly would be divided into four 1%
payments.
Example 3
Treasury Notes (T-notes) are bonds issued by the federal
government to cover its expenses.
Suppose you obtain a $1,000 T-note with a 4% annual rate, paid
semi-annually, with a
maturity in 4 years. How much interest will you earn?
Since interest is being paid semi-annually (twice a year), the 4%
interest will be divided into
two 2% payments.
P0 = $1000 the principal
r = 0.02 2% rate per half-year
t = 8 4 years = 8 half-years
I = $1000(0.02)(8) = $160. You will earn $160 interest total
over the four years.
Try it Now 1
A loan company charges $30 interest for a one month loan of
13. $500. Find the annual interest
rate they are charging.
Finance 199
Compound Interest
With simple interest, we were assuming that we pocketed the
interest when we received it.
In a standard bank account, any interest we earn is
automatically added to our balance, and
we earn interest on that interest in future years. This
reinvestment of interest is called
compounding.
Suppose that we deposit $1000 in a bank account offering 3%
interest, compounded monthly.
How will our money grow?
The 3% interest is an annual percentage rate (APR) – the total
interest to be paid during the
year. Since interest is being paid monthly, each month, we will
earn
3%
12
= 0.25% per month.
14. In the first month,
P0 = $1000
r = 0.0025 (0.25%)
I = $1000 (0.0025) = $2.50
A = $1000 + $2.50 = $1002.50
In the first month, we will earn $2.50 in interest, raising our
account balance to $1002.50.
In the second month,
P0 = $1002.50
I = $1002.50 (0.0025) = $2.51 (rounded)
A = $1002.50 + $2.51 = $1005.01
Notice that in the second month we earned more interest than
we did in the first month. This
is because we earned interest not only on the original $1000 we
deposited, but we also earned
interest on the $2.50 of interest we earned the first month. This
is the key advantage that
compounding of interest gives us.
16. To find an equation to represent this, if Pm represents the
amount of money after m months,
then we could write the recursive equation:
P0 = $1000
Pm = (1+0.0025)Pm-1
You probably recognize this as the recursive form of
exponential growth. If not, we could go
through the steps to build an explicit equation for the growth:
P0 = $1000
P1 = 1.0025P0 = 1.0025 (1000)
P2 = 1.0025P1 = 1.0025 (1.0025 (1000)) = 1.0025 2(1000)
P3 = 1.0025P2 = 1.0025 (1.00252(1000)) = 1.00253(1000)
P4 = 1.0025P3 = 1.0025 (1.00253(1000)) = 1.00254(1000)
Observing a pattern, we could conclude
Pm = (1.0025)m($1000)
Notice that the $1000 in the equation was P0, the starting
amount. We found 1.0025 by
17. adding one to the growth rate divided by 12, since we were
compounding 12 times per year.
Generalizing our result, we could write
0 1
m
m
r
P P
k
In this formula:
m is the number of compounding periods (months in our
example)
r is the annual interest rate
k is the number of compounds per year.
While this formula works fine, it is more common to use a
formula that involves the number
of years, rather than the number of compounding periods. If N
18. is the number of years, then
m = N k. Making this change gives us the standard formula for
compound interest.
Compound Interest
0 1
Nk
N
r
P P
k
PN is the balance in the account after N years.
P0 is the starting balance of the account (also called initial
deposit, or principal)
r is the annual interest rate in decimal form
k is the number of compounding periods in one year.
19. If the compounding is done annually (once a year), k = 1.
If the compounding is done quarterly, k = 4.
If the compounding is done monthly, k = 12.
If the compounding is done daily, k = 365.
Finance 201
The most important thing to remember about using this formula
is that it assumes that we put
money in the account once and let it sit there earning interest.
Example 4
A certificate of deposit (CD) is a savings instrument that many
banks offer. It usually gives a
higher interest rate, but you cannot access your investment for a
specified length of time.
Suppose you deposit $3000 in a CD paying 6% interest,
compounded monthly. How much
will you have in the account after 20 years?
In this example,
20. P0 = $3000 the initial deposit
r = 0.06 6% annual rate
k = 12 12 months in 1 year
N = 20 since we’re looking for how much we’ll have after 20
years
So
20 12
20
0.06
3000 1 $9930.61
12
P
(round your answer to the nearest penny)
Let us compare the amount of money earned from compounding
against the amount you
would earn from simple interest
21. Years Simple Interest
($15 per month)
6% compounded
monthly = 0.5%
each month.
5 $3900 $4046.55
10 $4800 $5458.19
15 $5700 $7362.28
20 $6600 $9930.61
25 $7500 $13394.91
30 $8400 $18067.73
35 $9300 $24370.65
As you can see, over a long period of time, compounding makes
a large difference in the
account balance. You may recognize this as the difference
between linear growth and
exponential growth.
23. n
c
e
(
$
)
Years
202
Evaluating exponents on the calculator
When we need to calculate something like 53 it is easy enough
to just multiply
5⋅ 5⋅ 5=125. But when we need to calculate something like
1.005240 , it would be very
tedious to calculate this by multiplying 1.005 by itself 240
times! So to make things
easier, we can harness the power of our scientific calculators.
Most scientific calculators have a button for exponents. It is
typically either labeled
like:
24. ^ , yx , or xy .
To evaluate 1.005240 we'd type 1.005 ^ 240, or 1.005 yx
240. Try it out - you should
get something around 3.3102044758.
Example 5
You know that you will need $40,000 for your child’s education
in 18 years. If your account
earns 4% compounded quarterly, how much would you need to
deposit now to reach your
goal?
In this example,
We’re looking for P0.
r = 0.04 4%
k = 4 4 quarters in 1 year
N = 18 Since we know the balance in 18 years
P18 = $40,000 The amount we have in 18 years
In this case, we’re going to have to set up the equation, and
solve for P0.
25. 18 4
0
0.04
40000 1
4
P
( )040000 2.0471P=
0
40000
$19539.84
2.0471
P = =
So you would need to deposit $19,539.84 now to have $40,000
in 18 years.
Rounding
26. It is important to be very careful about rounding when
calculating things with
exponents. In general, you want to keep as many decimals
during calculations as you
can. Be sure to keep at least 3 significant digits (numbers after
any leading zeros).
Rounding 0.00012345 to 0.000123 will usually give you a
“close enough” answer, but
keeping more digits is always better.
Finance 203
Example 6
To see why not over-rounding is so important, suppose you
were investing $1000 at 5%
interest compounded monthly for 30 years.
P0 = $1000 the initial deposit
r = 0.05 5%
k = 12 12 months in 1 year
N = 30 since we’re looking for the amount after 30 years
27. If we first compute r/k, we find 0.05/12 = 0.00416666666667
Here is the effect of rounding this to different values:
If you’re working in a bank, of course you wouldn’t round at
all. For our purposes, the
answer we got by rounding to 0.00417, three significant digits,
is close enough - $5 off of
$4500 isn’t too bad. Certainly keeping that fourth decimal
place wouldn’t have hurt.
Using your calculator
In many cases, you can avoid rounding completely by how you
enter things in your
calculator. For example, in the example above, we needed to
calculate
12 30
30
0.05
1000 1
12
P
28. We can quickly calculate 12×30 = 360, giving
360
30
0.05
1000 1
12
P
.
Now we can use the calculator.
r/k rounded to:
Gives P30 to be: Error
29. 0.004 $4208.59 $259.15
0.0042 $4521.45 $53.71
0.00417 $4473.09 $5.35
0.004167 $4468.28 $0.54
0.0041667 $4467.80 $0.06
no rounding $4467.74
Type this Calculator shows
0.05 ÷ 12 = . 0.00416666666667
+ 1 = . 1.00416666666667
yx 360 = . 4.46774431400613
× 1000 = . 4467.74431400613
204
Using your calculator continued
The previous steps were assuming you have a “one operation at
a time” calculator; a
more advanced calculator will often allow you to type in the
entire expression to be
30. evaluated. If you have a calculator like this, you will probably
just need to enter:
1000 × ( 1 + 0.05 ÷ 12 ) yx 360 = .
Annuities
For most of us, we aren’t able to put a large sum of money in
the bank today. Instead, we
save for the future by depositing a smaller amount of money
from each paycheck into the
bank. This idea is called a savings annuity. Most retirement
plans like 401k plans or IRA
plans are examples of savings annuities.
An annuity can be described recursively in a fairly simple way.
Recall that basic compound
interest follows from the relationship
11m m
r
P P
k
−
31. For a savings annuity, we simply need to add a deposit, d, to the
account with each
compounding period:
11m m
r
P P d
k
−
Taking this equation from recursive form to explicit form is a
bit trickier than with
compound interest. It will be easiest to see by working with an
example rather than working
in general.
Suppose we will deposit $100 each month into an account
paying 6% interest. We assume
32. that the account is compounded with the same frequency as we
make deposits unless stated
otherwise. In this example:
r = 0.06 (6%)
k = 12 (12 compounds/deposits per year)
d = $100 (our deposit per month)
Writing out the recursive equation gives
( )1 1
0.06
1 100 1.005 100
12
m m mP P P− −
Assuming we start with an empty account, we can begin using
this relationship:
Finance 205
33. 0 0P = ( )1 01.005 100 100P P= + =
( ) ( )( ) ( )2 11.005 100 1.005 100 100 100 1.005 100P P= + = +
= +
( ) ( ) ( )( ) ( ) ( )
2
3 21.005 100 1.005 100 1.005 100 100 100 1.005 100 1.005
100P P= + = + + = + +
Continuing this pattern, after m deposits, we’d have saved:
( ) ( ) ( )
1 2
100 1.005 100 1.005 100 1.005 100
m m
mP
− −
= + + + +
In other words, after m months, the first deposit will have
earned compound interest for m-1
months. The second deposit will have earned interest for m-2
months. Last months deposit
would have earned only one month worth of interest. The most
recent deposit will have
34. earned no interest yet.
This equation leaves a lot to be desired, though – it doesn’t
make calculating the ending
balance any easier! To simplify things, multiply both sides of
the equation by 1.005:
( ) ( ) ( )( )1 2
1.005 1.005 100 1.005 100 1.005 100 1.005 100
m m
mP
− −
= + + + +
Distributing on the right side of the equation gives
( ) ( ) ( )
1 21.005 100 1.005 100 1.005 100(1.005) 100 1.005
m m
mP
−
= + + + +
35. Now we’ll line this up with like terms from our original
equation, and subtract each side
( ) ( ) ( )
( ) ( )
1
1
1.005 100 1.005 100 1.005 100 1.005
100 1.005 100 1.005 100
m m
m
m
m
P
P
−
−
= + + +
= + + +
36. Almost all the terms cancel on the right hand side when we
subtract, leaving
( )1.005 100 1.005 100
m
m mP P− = −
Solving for Pm
( )( )0.005 100 1.005 1
m
mP = −
( )( )100 1.005 1
0.005
m
mP
−
=
Replacing m months with 12N, where N is measured in years,
gives
37. 206
( )( )12
100 1.005 1
0.005
N
NP
−
=
Recall 0.005 was r/k and 100 was the deposit d. 12 was k, the
number of deposit each year.
Generalizing this result, we get the saving annuity formula.
Annuity Formula
1 1
Nk
N
r
d
38. k
P
r
k
PN is the balance in the account after N years.
d is the regular deposit (the amount you deposit each year, each
month, etc.)
r is the annual interest rate in decimal form.
k is the number of compounding periods in one year.
If the compounding frequency is not explicitly stated, assume
there are the same
number of compounds in a year as there are deposits made in a
year.
For example, if the compounding frequency isn’t stated:
If you make your deposits every month, use monthly
39. compounding, k = 12.
If you make your deposits every year, use yearly compounding,
k = 1.
If you make your deposits every quarter, use quarterly
compounding, k = 4.
Etc.
When do you use this
Annuities assume that you put money in the account on a
regular schedule (every
month, year, quarter, etc.) and let it sit there earning interest.
Compound interest assumes that you put money in the account
once and let it sit there
earning interest.
Compound interest: One deposit
Annuity: Many deposits.
40. Finance 207
Example 7
A traditional individual retirement account (IRA) is a special
type of retirement account in
which the money you invest is exempt from income taxes until
you withdraw it. If you
deposit $100 each month into an IRA earning 6% interest, how
much will you have in the
account after 20 years?
In this example,
d = $100 the monthly deposit
r = 0.06 6% annual rate
k = 12 since we’re doing monthly deposits, we’ll compound
monthly
N = 20 we want the amount after 20 years
Putting this into the equation:
( )20 12
42. ( )
( )20
100 3.310 1
0.005
P
−
=
( )
( )20
100 2.310
$46200
0.005
P = =
The account will grow to $46,200 after 20 years.
Notice that you deposited into the account a total of $24,000
($100 a month for 240 months).
The difference between what you end up with and how much
you put in is the interest
earned. In this case it is $46,200 - $24,000 = $22,200.
43. Example 8
You want to have $200,000 in your account when you retire in
30 years. Your retirement
account earns 8% interest. How much do you need to deposit
each month to meet your
retirement goal?
In this example,
We’re looking for d.
r = 0.08 8% annual rate
k = 12 since we’re depositing monthly
N = 30 30 years
P30 = $200,000 The amount we want to have in 30 years
208
In this case, we’re going to have to set up the equation, and
solve for d.
( )30 12
0.08
1 1
44. 12
200,000
0.08
12
d
( )( )
( )
360
1.00667 1
200,000
0.00667
d −
=
( )200,000 1491.57d=
200,000
$134.09
1491.57
d = =
45. So you would need to deposit $134.09 each month to have
$200,000 in 30 years if your
account earns 8% interest
Try it Now 2
A more conservative investment account pays 3% interest. If
you deposit $5 a day into this
account, how much will you have after 10 years? How much is
from interest?
Payout Annuities
In the last section you learned about annuities. In an annuity,
you start with nothing, put
money into an account on a regular basis, and end up with
money in your account.
In this section, we will learn about a variation called a Payout
Annuity. With a payout
annuity, you start with money in the account, and pull money
out of the account on a regular
basis. Any remaining money in the account earns interest.
After a fixed amount of time, the
account will end up empty.
46. Payout annuities are typically used after retirement. Perhaps
you have saved $500,000 for
retirement, and want to take money out of the account each
month to live on. You want the
money to last you 20 years. This is a payout annuity. The
formula is derived in a similar
way as we did for savings annuities. The details are omitted
here.
Finance 209
Payout Annuity Formula
0
1 1
Nk
47. r
d
k
P
r
k
P0 is the balance in the account at the beginning (starting
amount, or principal).
d is the regular withdrawal (the amount you take out each year,
each month, etc.)
r is the annual interest rate (in decimal form. Example: 5% =
0.05)
k is the number of compounding periods in one year.
N is the number of years we plan to take withdrawals
Like with annuities, the compounding frequency is not always
explicitly given, but is
48. determined by how often you take the withdrawals.
When do you use this
Payout annuities assume that you take money from the account
on a regular schedule
(every month, year, quarter, etc.) and let the rest sit there
earning interest.
Compound interest: One deposit
Annuity: Many deposits.
Payout Annuity: Many withdrawals
Example 9
After retiring, you want to be able to take $1000 every month
for a total of 20 years from
your retirement account. The account earns 6% interest. How
much will you need in your
account when you retire?
In this example,
d = $1000 the monthly withdrawal
49. r = 0.06 6% annual rate
k = 12 since we’re doing monthly withdrawals, we’ll
compound monthly
N = 20 since were taking withdrawals for 20 years
We’re looking for P0; how much money needs to be in the
account at the beginning.
Putting this into the equation:
210
( )20 12
0
0.06
1000 1 1
12
0.06
51. 0.005
P
= =
You will need to have $139,600 in your account when you
retire.
Notice that you withdrew a total of $240,000 ($1000 a month
for 240 months). The
difference between what you pulled out and what you started
with is the interest earned. In
this case it is $240,000 - $139,600 = $100,400 in interest.
Evaluating negative exponents on your calculator
With these problems, you need to raise numbers to negative
powers. Most calculators
have a separate button for negating a number that is different
than the subtraction
button. Some calculators label this (-) , some with +/- . The
button is often near the
= key or the decimal point.
If your calculator displays operations on it (typically a
52. calculator with multiline
display), to calculate 1.005-240 you'd type something like:
1.005 ^ (-) 240
If your calculator only shows one value at a time, then usually
you hit the (-) key after
a number to negate it, so you'd hit: 1.005 yx 240 (-) =
Give it a try - you should get 1.005-240 = 0.302096
Example 10
You know you will have $500,000 in your account when you
retire. You want to be able to
take monthly withdrawals from the account for a total of 30
years. Your retirement account
earns 8% interest. How much will you be able to withdraw each
month?
In this example,
We’re looking for d.
r = 0.08 8% annual rate
k = 12 since we’re withdrawing monthly
53. N = 30 30 years
P0 = $500,000 we are beginning with $500,000
Finance 211
In this case, we’re going to have to set up the equation, and
solve for d.
( )30 12
0.08
1 1
12
500,000
0.08
12
d
( )( )
( )
54. 360
1 1.00667
500,000
0.00667
d
−
−
=
( )500,000 136.232d=
500,000
$3670.21
136.232
d = =
You would be able to withdraw $3,670.21 each month for 30
years.
Try it Now 3
A donor gives $100,000 to a university, and specifies that it is
to be used to give annual
scholarships for the next 20 years. If the university can earn
4% interest, how much can they
give in scholarships each year?
55. Loans
In the last section, you learned about payout annuities.
In this section, you will learn about conventional loans (also
called amortized loans or
installment loans). Examples include auto loans and home
mortgages. These techniques do
not apply to payday loans, add-on loans, or other loan types
where the interest is calculated
up front.
One great thing about loans is that they use exactly the same
formula as a payout annuity. To
see why, imagine that you had $10,000 invested at a bank, and
started taking out payments
while earning interest as part of a payout annuity, and after 5
years your balance was zero.
Flip that around, and imagine that you are acting as the bank,
and a car lender is acting as
you. The car lender invests $10,000 in you. Since you’re
acting as the bank, you pay
interest. The car lender takes payments until the balance is
zero.
57. P0 is the balance in the account at the beginning (the principal,
or amount of the loan).
d is your loan payment (your monthly payment, annual
payment, etc)
r is the annual interest rate in decimal form.
k is the number of compounding periods in one year.
N is the length of the loan, in years
Like before, the compounding frequency is not always explicitly
given, but is determined by
how often you make payments.
When do you use this
The loan formula assumes that you make loan payments on a
regular schedule (every
month, year, quarter, etc.) and are paying interest on the loan.
Compound interest: One deposit
Annuity: Many deposits.
58. Payout Annuity: Many withdrawals
Loans: Many payments
Example 11
You can afford $200 per month as a car payment. If you can get
an auto loan at 3% interest
for 60 months (5 years), how expensive of a car can you afford?
In other words, what
amount loan can you pay off with $200 per month?
In this example,
d = $200 the monthly loan payment
r = 0.03 3% annual rate
k = 12 since we’re doing monthly payments, we’ll compound
monthly
N = 5 since we’re making monthly payments for 5 years
We’re looking for P0, the starting amount of the loan.
60. P
−
−
=
( )
( )0
200 1 0.861
$11,120
0.0025
P
−
= =
You can afford a $11,120 loan.
You will pay a total of $12,000 ($200 per month for 60 months)
to the loan company. The
difference between the amount you pay and the amount of the
loan is the interest paid. In
this case, you’re paying $12,000-$11,120 = $880 interest total.
Example 12
61. You want to take out a $140,000 mortgage (home loan). The
interest rate on the loan is 6%,
and the loan is for 30 years. How much will your monthly
payments be?
In this example,
We’re looking for d.
r = 0.06 6% annual rate
k = 12 since we’re paying monthly
N = 30 30 years
P0 = $140,000 the starting loan amount
In this case, we’re going to have to set up the equation, and
solve for d.
( )30 12
0.06
1 1
12
140,000
0.06
12
d
62. ( )( )
( )
360
1 1.005
140,000
0.005
d
−
−
=
( )140,000 166.792d=
140,000
$839.37
166.792
d = =
You will make payments of $839.37 per month for 30 years.
63. 214
You’re paying a total of $302,173.20 to the loan company:
$839.37 per month for 360
months. You are paying a total of $302,173.20 - $140,000 =
$162,173.20 in interest over the
life of the loan.
Try it Now 4
Janine bought $3,000 of new furniture on credit. Because her
credit score isn’t very good,
the store is charging her a fairly high interest rate on the loan:
16%. If she agreed to pay off
the furniture over 2 years, how much will she have to pay each
month?
Remaining Loan Balance
With loans, it is often desirable to determine what the remaining
loan balance will be after
some number of years. For example, if you purchase a home
and plan to sell it in five years,
you might want to know how much of the loan balance you will
have paid off and how much
64. you have to pay from the sale.
To determine the remaining loan balance after some number of
years, we first need to know
the loan payments, if we don’t already know them. Remember
that only a portion of your
loan payments go towards the loan balance; a portion is going to
go towards interest. For
example, if your payments were $1,000 a month, after a year
you will not have paid off
$12,000 of the loan balance.
To determine the remaining loan balance, we can think “how
much loan will these loan
payments be able to pay off in the remaining time on the loan?”
Example 13
If a mortgage at a 6% interest rate has payments of $1,000 a
month, how much will the loan
balance be 10 years from the end the loan?
To determine this, we are looking for the amount of the loan
that can be paid off by $1,000 a
65. month payments in 10 years. In other words, we’re looking for
P0 when
d = $1,000 the monthly loan payment
r = 0.06 6% annual rate
k = 12 since we’re doing monthly payments, we’ll compound
monthly
N = 10 since we’re making monthly payments for 10 more
years
Finance 215
( )10 12
0
0.06
1000 1 1
12
0.06
12
66. P
( )( )
( )
120
0
1000 1 1.005
0.005
P
−
−
=
( )
( )0
1000 1 0.5496
$90,073.45
0.005
P
67. −
= =
The loan balance with 10 years remaining on the loan will be
$90,073.45
Often times answering remaining balance questions requires two
steps:
1) Calculating the monthly payments on the loan
2) Calculating the remaining loan balance based on the
remaining time on the loan
Example 14
A couple purchases a home with a $180,000 mortgage at 4% for
30 years with monthly
payments. What will the remaining balance on their mortgage
be after 5 years?
First we will calculate their monthly payments.
We’re looking for d.
r = 0.04 4% annual rate
k = 12 since they’re paying monthly
68. N = 30 30 years
P0 = $180,000 the starting loan amount
We set up the equation and solve for d.
( )30 12
0.04
1 1
12
180,000
0.04
12
d
( )( )
( )
360
1 1.00333
180,000
69. 0.00333
d
−
−
=
( )180,000 209.562d=
180,000
$858.93
209.562
d = =
216
Now that we know the monthly payments, we can determine the
remaining balance. We
want the remaining balance after 5 years, when 25 years will be
remaining on the loan, so we
calculate the loan balance that will be paid off with the monthly
payments over those 25
years.
d = $858.93 the monthly loan payment we calculated above
70. r = 0.04 4% annual rate
k = 12 since they’re doing monthly payments
N = 25 since they’d be making monthly payments for 25 more
years
( )25 12
0
0.04
858.93 1 1
12
0.04
12
P
( )( )
( )
300
71. 0
858.93 1 1.00333
0.00333
P
−
−
=
( )
( )0
858.93 1 0.369
$162,758
0.00333
P
−
=
The loan balance after 5 years, with 25 years remaining on the
loan, will be $162,758
Over that 5 years, the couple has paid off $180,000 - $162,758
= $17,242 of the loan balance.
They have paid a total of $858.93 a month for 5 years (60
months), for a total of $51,535.80,
72. so $51,535.80 - $17,242 = $34,292.80 of what they have paid so
far has been interest.
Which equation to use?
When presented with a finance problem (on an exam or in real
life), you're usually not told
what type of problem it is or which equation to use. Here are
some hints on deciding which
equation to use based on the wording of the problem.
The easiest types of problem to identify are loans. Loan
problems almost always include
words like: "loan", "amortize" (the fancy word for loans),
"finance (a car)", or "mortgage" (a
home loan). Look for these words. If they're there, you're
probably looking at a loan
problem. To make sure, see if you're given what your monthly
(or annual) payment is, or if
you're trying to find a monthly payment.
If the problem is not a loan, the next question you want to ask
is: "Am I putting money in an
account and letting it sit, or am I making regular
(monthly/annually/quarterly) payments or
73. withdrawals?" If you're letting the money sit in the account
with nothing but interest
changing the balance, then you're looking at a compound
interest problem. The exception
would be bonds and other investments where the interest is not
reinvested; in those cases
you’re looking at simple interest.
Finance 217
If you're making regular payments or withdrawals, the next
questions is: "Am I putting
money into the account, or am I pulling money out?" If you're
putting money into the
account on a regular basis (monthly/annually/quarterly) then
you're looking at a
basic Annuity problem. Basic annuities are when you are
saving money. Usually in an
annuity problem, your account starts empty, and has money in
the future.
If you're pulling money out of the account on a regular basis,
then you're looking at a Payout
Annuity problem. Payout annuities are used for things like
retirement income, where you
74. start with money in your account, pull money out on a regular
basis, and your account ends
up empty in the future.
Remember, the most important part of answering any kind of
question, money or otherwise,
is first to correctly identify what the question is really asking,
and to determine what
approach will best allow you to solve the problem.
Try it Now 5
For each of the following scenarios, determine if it is a
compound interest problem, a savings
annuity problem, a payout annuity problem, or a loans problem.
Then solve each problem.
Solving for time
Often we are interested in how long it will take to accumulate
money or how long we’d need
to extend a loan to bring payments down to a reasonable level.
Note: This section assumes you’ve covered solving exponential
75. equations using logarithms,
either in prior classes or in the growth models chapter.
a. Marcy received an inheritance of $20,000, and invested it at
6% interest. She is
going to use it for college, withdrawing money for tuition and
expenses each
quarter. How much can she take out each quarter if she has 3
years of school
left?
b. Paul wants to buy a new car. Rather than take out a loan, he
decides to save
$200 a month in an account earning 3% interest compounded
monthly. How
much will he have saved up after 3 years?
c. Keisha is managing investments for a non-profit company.
They want to invest
some money in an account earning 5% interest compounded
annually with the
goal to have $30,000 in the account in 6 years. How much
should Keisha
deposit into the account?
76. d. Miao is going to finance new office equipment at a 2% rate
over a 4 year term.
If she can afford monthly payments of $100, how much new
equipment can she
buy?
e. How much would you need to save every month in an account
earning 4%
interest to have $5,000 saved up in two years?
218
Example 15
If you invest $2000 at 6% compounded monthly, how long will
it take the account to double
in value?
This is a compound interest problem, since we are depositing
money once and allowing it to
grow. In this problem,
P0 = $2000 the initial deposit
r = 0.06 6% annual rate
k = 12 12 months in 1 year
77. So our general equation is
12
0.06
2000 1
12
N
NP
. We also know that we want our ending
amount to be double of $2000, which is $4000, so we’re looking
for N so that PN = 4000. To
solve this, we set our equation for PN equal to 4000.
12
0.06
4000 2000 1
12
78. Divide both sides by 2000
( )
12
2 1.005
N
= To solve for the exponent, take the log of both sides
( ) ( )( )12
log 2 log 1.005
N
= Use the exponent property of logs on the right side
( ) ( )log 2 12 log 1.005N= Now we can divide both sides by
12log(1.005)
( )
( )
log 2
12log 1.005
N= Approximating this to a decimal
N = 11.581
79. It will take about 11.581 years for the account to double in
value. Note that your answer may
come out slightly differently if you had evaluated the logs to
decimals and rounded during
your calculations, but your answer should be close. For
example if you rounded log(2) to
0.301 and log(1.005) to 0.00217, then your final answer would
have been about 11.577 years.
Example 16
If you invest $100 each month into an account earning 3%
compounded monthly, how long
will it take the account to grow to $10,000?
This is a savings annuity problem since we are making regular
deposits into the account.
d = $100 the monthly deposit
r = 0.03 3% annual rate
k = 12 since we’re doing monthly deposits, we’ll compound
monthly
We don’t know N, but we want PN to be $10,000.
80. Finance 219
Putting this into the equation:
( )12
0.03
100 1 1
12
10,000
0.03
12
Simplifying the fractions a bit
( )( )12
100 1.0025 1
10,000
0.0025
81. N
−
=
We want to isolate the exponential term, 1.002512N, so
multiply both sides by 0.0025
( )( )12
25 100 1.0025 1
N
= − Divide both sides by 100
( )
12
0.25 1.0025 1
N
= − Add 1 to both sides
( )
12
1.25 1.0025
N
= Now take the log of both sides
( ) ( )( )12
log 1.25 log 1.0025
N
82. = Use the exponent property of logs
( ) ( )log 1.25 12 log 1.0025N= Divide by 12log(1.0025)
( )
( )
log 1.25
12log 1.0025
N= Approximating to a decimal
N = 7.447 years
It will take about 7.447 years to grow the account to $10,000.
Try it Now 6
Joel is considering putting a $1,000 laptop purchase on his
credit card, which has an interest
rate of 12% compounded monthly. How long will it take him to
pay off the purchase if he
makes payments of $30 a month?
83. 220
Try it Now Answers
1.
I = $30 of interest
P0 = $500 principal
r = unknown
t = 1 month
Using I = P0rt, we get 30 = 500·r·1. Solving, we get r = 0.06,
or 6%. Since the time was
monthly, this is the monthly interest. The annual rate would be
12 times this: 72% interest.
2.
d = $5 the daily deposit
84. r = 0.03 3% annual rate
k = 365 since we’re doing daily deposits, we’ll compound daily
N = 10 we want the amount after 10 years
365 10
10
0.03
5 1 1
365
0.03
365
P
= = $21,282.07
We would have deposited a total of $5·365·10 = $18,250, so
$3,032.07 is from interest
3.
d = unknown
r = 0.04 4% annual rate
85. k = 1 since we’re doing annual scholarships
N = 20 20 years
P0 = 100,000 we’re starting with $100,000
20 1
0.04
1 1
1
100,000
0.04
1
d
=
Solving for d gives $7,358.18 each year that they can give in
scholarships.
It is worth noting that usually donors instead specify that only
interest is to be used for
scholarship, which makes the original donation last indefinitely.
If this donor had specified
that, $100,000(0.04) = $4,000 a year would have been available.
86. Finance 221
Try it Now Answers continued
4.
d = unknown
r = 0.16 16% annual rate
k = 12 since we’re making monthly payments
N = 2 2 years to repay
P0 = 3,000 we’re starting with a $3,000 loan
2 12
0.16
1 1
12
3,000
0.16
87. 12
d
=
Solving for d gives $146.89 as monthly payments.
In total, she will pay $3,525.36 to the store, meaning she will
pay $525.36 in interest over the
two years.
5.
6.
d = $30 The monthly payments
r = 0.12 12% annual rate
k = 12 since we’re making monthly payments
P0 = 1,000 we’re starting with a $1,000 loan
We are solving for N, the time to pay off the loan
( )12
88. 0.12
30 1 1
12
1,000
0.12
12
Solving for N gives 3.396. It will take about 3.4 years to pay off
the purchase.
a. This is a payout annuity problem. She can pull out $1833.60
a quarter.
b. This is a savings annuity problem. He will have saved up
$7,524.11/
c. This is compound interest problem. She would need to
deposit $22,386.46.
d. This is a loans problem. She can buy $4,609.33 of new
equipment.
e. This is a savings annuity problem. You would need to save
$200.46 each month
222
89. Exercises
Skills
1. A friend lends you $200 for a week, which you agree to repay
with 5% one-time
interest. How much will you have to repay?
2. Suppose you obtain a $3,000 T-note with a 3% annual rate,
paid quarterly, with
maturity in 5 years. How much interest will you earn?
3. A T-bill is a type of bond that is sold at a discount over the
face value. For example,
suppose you buy a 13-week T-bill with a face value of $10,000
for $9,800. This
means that in 13 weeks, the government will give you the face
value, earning you
$200. What annual interest rate have you earned?
4. Suppose you are looking to buy a $5000 face value 26-week
T-bill. If you want to
earn at least 1% annual interest, what is the most you should
pay for the T-bill?
5. You deposit $300 in an account earning 5% interest
90. compounded annually. How
much will you have in the account in 10 years?
6. How much will $1000 deposited in an account earning 7%
interest compounded
annually be worth in 20 years?
7. You deposit $2000 in an account earning 3% interest
compounded monthly.
a. How much will you have in the account in 20 years?
b. How much interest will you earn?
8. You deposit $10,000 in an account earning 4% interest
compounded monthly.
a. How much will you have in the account in 25 years?
b. How much interest will you earn?
9. How much would you need to deposit in an account now in
order to have $6,000 in
the account in 8 years? Assume the account earns 6% interest
compounded monthly.
10. How much would you need to deposit in an account now in
order to have $20,000 in
91. the account in 4 years? Assume the account earns 5% interest.
11. You deposit $200 each month into an account earning 3%
interest compounded
monthly.
a. How much will you have in the account in 30 years?
b. How much total money will you put into the account?
c. How much total interest will you earn?
12. You deposit $1000 each year into an account earning 8%
compounded annually.
a. How much will you have in the account in 10 years?
b. How much total money will you put into the account?
c. How much total interest will you earn?
Finance 223
13. Jose has determined he needs to have $800,000 for
retirement in 30 years. His
account earns 6% interest.
a. How much would he need to deposit in the account each
92. month?
b. How much total money will he put into the account?
c. How much total interest will he earn?
14. You wish to have $3000 in 2 years to buy a fancy new
stereo system. How much
should you deposit each quarter into an account paying 8%
compounded quarterly?
15. You want to be able to withdraw $30,000 each year for 25
years. Your account earns
8% interest.
a. How much do you need in your account at the beginning
b. How much total money will you pull out of the account?
c. How much of that money is interest?
16. How much money will I need to have at retirement so I can
withdraw $60,000 a year
for 20 years from an account earning 8% compounded annually?
a. How much do you need in your account at the beginning
b. How much total money will you pull out of the account?
c. How much of that money is interest?
93. 17. You have $500,000 saved for retirement. Your account
earns 6% interest. How
much will you be able to pull out each month, if you want to be
able to take
withdrawals for 20 years?
18. Loren already knows that he will have $500,000 when he
retires. If he sets up a
payout annuity for 30 years in an account paying 10% interest,
how much could the
annuity provide each month?
19. You can afford a $700 per month mortgage payment.
You’ve found a 30 year loan at
5% interest.
a. How big of a loan can you afford?
b. How much total money will you pay the loan company?
c. How much of that money is interest?
20. Marie can afford a $250 per month car payment. She’s
found a 5 year loan at 7%
interest.
94. a. How expensive of a car can she afford?
b. How much total money will she pay the loan company?
c. How much of that money is interest?
21. You want to buy a $25,000 car. The company is offering a
2% interest rate for 48
months (4 years). What will your monthly payments be?
22. You decide finance a $12,000 car at 3% compounded
monthly for 4 years. What will
your monthly payments be? How much interest will you pay
over the life of the
loan?
224
23. You want to buy a $200,000 home. You plan to pay 10% as
a down payment, and
take out a 30 year loan for the rest.
a. How much is the loan amount going to be?
b. What will your monthly payments be if the interest rate is
5%?
95. c. What will your monthly payments be if the interest rate is
6%?
24. Lynn bought a $300,000 house, paying 10% down, and
financing the rest at 6%
interest for 30 years.
a. Find her monthly payments.
b. How much interest will she pay over the life of the loan?
25. Emile bought a car for $24,000 three years ago. The loan
had a 5 year term at 3%
interest rate, making monthly payments. How much does he
still owe on the car?
26. A friend bought a house 15 years ago, taking out a $120,000
mortgage at 6% for 30
years, making monthly payments. How much does she still owe
on the mortgage?
27. Pat deposits $6,000 into an account earning 4% compounded
monthly. How long
will it take the account to grow to $10,000?
28. Kay is saving $200 a month into an account earning 5%
96. interest. How long will it
take her to save $20,000?
29. James has $3,000 in credit card debt, which charges 14%
interest. How long will it
take to pay off the card if he makes the minimum payment of
$60 a month?
30. Chris has saved $200,000 for retirement, and it is in an
account earning 6% interest.
If she withdraws $3,000 a month, how long will the money last?
Concepts
31. Suppose you invest $50 a month for 5 years into an account
earning 8% compounded
monthly. After 5 years, you leave the money, without making
additional deposits, in
the account for another 25 years. How much will you have in
the end?
32. Suppose you put off making investments for the first 5
years, and instead made
deposits of $50 a month for 25 years into an account earning 8%
compounded
97. monthly. How much will you have in the end?
33. Mike plans to make contributions to his retirement account
for 15 years. After the
last contribution, he will start withdrawing $10,000 a quarter
for 10 years. Assuming
Mike's account earns 8% compounded quarterly, how large must
his quarterly
contributions be during the first 15 years, in order to
accomplish his goal?
34. Kendra wants to be able to make withdrawals of $60,000 a
year for 30 years after
retiring in 35 years. How much will she have to save each year
up until retirement if
her account earns 7% interest?
Finance 225
35. You have $2,000 to invest, and want it to grow to $3,000 in
two years. What interest
rate would you need to find to make this possible?
36. You have $5,000 to invest, and want it to grow to $20,000
in ten years. What interest
98. rate would you need to find to make this possible?
37. You plan to save $600 a month for the next 30 years for
retirement. What interest
rate would you need to have $1,000,000 at retirement?
38. You really want to buy a used car for $11,000, but can only
afford $200 a month.
What interest rate would you need to find to be able to afford
the car, assuming the
loan is for 60 months?
Exploration
39. Pay day loans are short term loans that you take out against
future paychecks: The
company advances you money against a future paycheck. Either
visit a pay day loan
company, or look one up online. Be forewarned that many
companies do not make
their fees obvious, so you might need to do some digging or
look at several
companies.
a. Explain the general method by which the loan works.
99. b. We will assume that we need to borrow $500 and that we will
pay back the
loan in 14 days. Determine the total amount that you would
need to pay back
and the effective loan rate. The effective loan rate is the
percentage of the
original loan amount that you pay back. It is not the same as
the APR (annual
rate) that is probably published.
c. If you cannot pay back the loan after 14 days, you will need
to get an
extension for another 14 days. Determine the fees for an
extension, determine
the total amount you will be paying for the now 28 day loan,
and compute the
effective loan rate.
100. 226
40. Suppose that 10 years ago you bought a home for $110,000,
paying 10% as a down
payment, and financing the rest at 9% interest for 30 years.
a. Let's consider your existing mortgage:
i. How much money did you pay as your down payment?
ii. How much money was your mortgage (loan) for?
iii. What is your current monthly payment?
iv. How much total interest will you pay over the life of the
loan?
b. This year, you check your loan balance. Only part of your
payments have
been going to pay down the loan; the rest has been going
towards interest.
You see that you still have $88,536 left to pay on your loan.
Your house is
101. now valued at $150,000.
i. How much of the loan have you paid off? (i.e., how much
have you
reduced the loan balance by? Keep in mind that interest is
charged
each month - it's not part of the loan balance.)
ii. How much money have you paid to the loan company so far?
iii. How much interest have you paid so far?
iv. How much equity do you have in your home (equity is value
minus
remaining debt)
c. Since interest rates have dropped, you consider refinancing
your mortgage at a
lower 6% rate.
i. If you took out a new 30 year mortgage at 6% for your
remaining loan
balance, what would your new monthly payments be?
ii. How much interest will you pay over the life of the new
loan?
d. Notice that if you refinance, you are going to be making
payments on your
102. home for another 30 years. In addition to the 10 years you've
already been
paying, that's 40 years total.
i. How much will you save each month because of the lower
monthly
payment?
ii. How much total interest will you be paying (you need to
consider the
amount from 2c and 3b)
iii. Does it make sense to refinance? (there isn't a correct
answer to this
question. Just give your opinion and your reason)
FinanceSimple InterestCompound InterestAnnuitiesPayout
AnnuitiesLoansRemaining Loan BalanceWhich equation to
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