transactions (use a 9 percent annual interest rate for all transactions a. Borrowed $103‚000 for nine years. Will pay $9‚270 interest at the end of each year and repay the $103‚000 at the end of the 9th year. In transaction (a)‚ determine the present value of the debt. 1. We find PV of ANnuity of $1 for 9 Yrs at 9% = 5.9952 PV of $1 for 9Yrs @9% = 0.4604 So PV of debt = 9270*5.9952 + 103000*0.4604 = $1‚02‚997 b. Established a plant addition fund of $520‚000 to be available at the end of year
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Agree to Disagree: Kantianism vs. Consequentialism Determining how to classify the difference between right and wrong has been argued over and studied with no avail. Although all Normative ethical theories have positives and negatives‚ a few set themselves apart from the rest. Consequentialism versus Kantianism‚ although similar in some respects have enough of a conceptual difference to be studied further. Tendencies to side with Kant’s ethical theory over that of the consequentialist theory seem
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leads to crime. Normally‚ greed can explain why there have always been cases of theft. Since some greedy people are always not satisfied with what they have‚ they are thinking of an easier way to get more wealth‚ which is theft. A research in China has shown that more than 90% of theft cases are due to criminals’ desire of pelf. These people cannot control their own desire of possessing more and more wealth‚ hence stealing from others‚ which causes the loss of others and bad social ethos. Another
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Women Past and Present During the 20th century‚ women in general was limited‚ however women are now in a much better position than before. We‚ as women‚ especially those of us who live in liberal parts of the world‚ often take for granted the rights and benefits‚ which we have. We forget that in other times‚ women were not considered to be equal to their male counterparts; they were considered to be helpless subordinates to the men with whom they lived. Though we do not often consider
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2.1 McDonald’s Corporation About McDonald’s company today Since its incorporation in 1955‚ McDonald’s Corporation has not only become the world’s largest quick-service restaurant organization‚ but has literally changed Americans’ eating habits--and increasingly the habits of non-Americans as well. On an average day‚ more than 46 million people eat at one of the company’s more than 31‚000 restaurants‚ which are located in 119 countries on six continents. About 9‚000 of the restaurants are company
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excellent facilities. The modern life‚ the excellent facilities was not a present from god. It was made by people of all generations who always learned from the past and developed everything they had learned from it. Thus‚ I totally disagree with the statement above that learning about the past has no value. The first reason for this is that learning about the past brings us all the knowledge and information in the past. Without yesterday‚ there is no today. A society can develop only when its
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attract more students to exercise‚ because a healthy body can make a student bear the heavy studies. On the other hand‚ most people‚ like me‚ strongly disagree with it. In the following paragraphs‚ I will explain some main reasons. In the first place‚ an obvious advantage to spend more money on libraries is that enormous libraries can help us save a huge amount of money‚ paper resource and the time to seek study materials from a far bookstore. As we all known‚ the prices of books are more expensive
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Mythology the Past and Present Nike is the winged goddess of victory according to Greek mythology. She sat at the side of Zeus‚ the ruler of the Olympic pantheon‚ in Olympus. A mystical presence‚ symbolizing victorious encounters‚ Nike presided over history’s earliest battlefields. A Greek would say‚ "When we go to battle and win‚ we say it is Nike." Synonymous with honored conquest‚ Nike is the twentieth century footwear that lifts the world’s greatest athletes to new levels of mastery and achievement
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powerful. We decide whether we want to know something or not. I disagree with the statement that the lack of knowledge can’t hurt you. The true knowledge often hurts; however it doesn’t mean that lack of it can’t hurt. Why can lack of knowledge be harmful and hurt us? Let’s start from a simple fact like not studying for a test or a quiz may or will result in a bad grade. Not knowing the material that we are studying can and will hurt us. General knowledge in a society is very important in order for
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would you define art? What criteria would you use? -After being in the Creative Arts class my ideas about what art really is and how I would define it has changed. To me art is something that an artist has thought of and then made it. I also think that art should be something that stimulates the senses or the mind in some way. Whether it me a painting with a hidden meaning or music which stimulates your hearing senses. 2. In the coursepack discussion “what is art‚” what four pieces do they use
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