1. Using the Rule of 72, approximate the following amounts: (LO1.1)
a. If the value of land in an area is increasing 6 percent a year, how long will it take for property values to double?
b. If you earn 10 percent on your investments, how long will it take for your money to double?
c. At an annual interest rate of 5 percent, how long will it take for your savings to double?
2. In 2019, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $20,000. What was the rate of increase for these automobiles between the two time periods? (LO1.1)
3. A family spends $46,000 a year for living expenses. If prices increase 3 percent
a year for the next three years, what amount will the family need for their living expenses after three years? (LO1.1)
4. Ben Collins plans to buy a house for $260,000. If the real estate in his area is
expected to increase in value 2 percent each year, what will its approximate value be seven years from now? (LO1.2)
5. What would be the yearly earnings for a person with $9,000 in savings at an annual
interest rate of 2.5 percent? (LO1.3)
6. Using time value of money tables ( Exhibit 1–3 or chapter appendix tables), calculate
the following: (LO1.3)
a. The future value of $550 six years from now at 7 percent.
b. The future value of $900 saved each year for 10 years at 8 percent.
c. The amount a person would have to deposit today (present value) at a 5 percent
interest rate to have $1,000 five years from now.
d. The amount a person would have to deposit today to be able to take out $500 a
year for 10 years from an account earning 8 percent.
7. If you desire to have $12,000 for a down payment for a house in five years, what amount
would you need to deposit today? Assume that your money will earn 4 percent. (LO1.3)
8. Pete Morton is planning to go to graduate school in a program of study that will
take three years. Pete wants to have $8,000 available each year for various school
and living expenses. If he earns 4 percent on his money, how much must he
deposit at the start of his studies to be able to withdraw $8,000 a year for three
years? (LO1.3)
9. Carla Lopez deposits $2,800 a year into her retirement account. If these funds have
average earnings of 8 percent over the 40 years until her retirement, what will be the
value of her retirement account? (LO1.3)
10. If a person spends $10 a week on coffee (assume $500 a year), what would be the
future value of that amount over 10 years if the funds were deposited in an account
earning 3 percent? (LO1.3)
11. A financial company that advertises on television will pay you $60,000 now for
annual payments of $10,000 that you are expected to receive for a legal settlement
over the next 10 years. If you estimate the time value of money at 10 percent, would
you accept this offer? (LO1.3)
12. Tran Lee plans to set aside $2,600 a year for the next seven years, earning 3 percent.
What would be the future value of this savings amount? (LO1.3)
13. If you borrow $8,000 with a 5 percent interest rate to be repaid in five equal payments at the end of the next five years, what would be the amount of each payment?
( Note: Use the present value of an annuity table in the chapter appendix.) (LO1.3)
Picasso’s Painting Les Demoiselles d’Avignon GuidesorSubmit my paper for examination picasso les demoiselles d avignonWe can just envision the effect that this life-size artwork had on watchers 100 years prior. “Les Demoiselles d’Avignon” displays an audacious dismissal for the made-up rules of craftsmanship. In spite of the fact that the artwork was not indicated freely until 1916, Georges Braque saw the canvas in 1907 in Pablo Picasso’s studio before the paint dried. What’s more, what Braque saw changed the hereditary code of his knowledge until the end of time. I speculate that for some specialists today, “Les Demoiselles d’Avignon” has lost none of its pizzazz. Its conflict of powers and thoughts transmits a force that doesn’t blur. Craftsmanship history specialists normally talk about the Demoiselles as far as substance: a massage parlor—five whores in a puzzling room that incorporates a table with still-life (natural product), vaporous textures (tablecloth, window ornaments, garments, backdrop), and perhaps a seat; as far as three significant impacts: Primitivism—communicated through plain sexuality, evenness, geometric structure, and references to Egyptian profile-workmanship (the lady at the left) and African ancestral veils (the two right figures); El Greco (extension/vertical twisting); and Cézanne (geometrization and shallow profundity of the pictorial field, just as echoes of Cézanne’s compositions of bathers in the course of action of nudes); regarding illustrative gadgets: the owl-like head swivel of the situated lady on the right (an early, exacting case of “synchronization”) and the profile-like leveling of the noses of the two ladies second and third from the left; or as far as the geometric proper numbers that involve the skeptical tasteful framework (triangles, wedges, precious stones, ovals, trapezoids, and mixes of these shapes), another sign of the long shadow cast over the entire canvas by Cézanne. In any case, standard conversations once in a while test the more profound spatial capabilities of the composition. Analysts do concur on the rudiments: the 3-D picture space dwells in a domain of uncertainty, connoted partially by forceful dissecting and foregrounding of body parts, (for example, the left hand of the lady on the left, the left leg of the second lady from the left, and the leader of the situated lady on the right). Through these and different gadgets of visual clash, Picasso got back on track and plumbed an inalienably structural part of the work of art’s association: space. Because of Picasso’s quest for better approaches to sort out a stylish field and accommodate 3-D structure with the level picture surface, the Demoiselles viciously overturned the “laws” of straight point of view held consecrated since the Renaissance and tested the shows we partner with how to speak to ordinary space. At last, as painter/essayist John Golding and others have commonly watched, the transaction of structure and space in the Demoiselles adds to a Cézanne-like round of assertion and forswearing opposite the dream of perspectival space versus the truth of the levelness of the artwork’s canvas. Collapsed surfaces (textures), collapsed structures (bodies and dividers), and collapsed spaces (inside/outside) show up with dumbfounding identicalness—wavering between oppositional values: crack and combination, projection and downturn, volume and plane. “In Violin” and different arrangements by Picasso, Braque, or Juan Gris, the idea of “Les Demoiselles d’Avignon”— who speaks to what is named as critical space—works as a controlling standard. Furthermore, from painters to stone workers to designers, craftsmen today who tap this ageless rule become structure creators, yet in addition space producers. These specialists get familiar with the key to turning out to be plan creators. This paper composed by Madison Gray and significant changes have been made. The full duplicate of this exposition is at: https://archive.org/subtleties/PicassoLessons craftsmanship article, paper about fam