1. Ira Schwab opens up a Schwab IRA and places $2,000 in his retirement account at the beginning of each year for 10 years. He believes the account will earn 5 percent interest per year, compounded quarterly. How much will he have in his retirement account in 10 years?
2. The city of Glendale borrows $48 million by issuing municipal bonds to help build the Arizona Cardinals football stadium. It plans to set up a sinking fund that will repay the loan at the end of 10 years. Assume a 4 percent interest rate per year. What should the city place into the fund at the end of each year to have $48 million in the account to pay back their bondholders?
Matthew is considering several possible compensation alternatives for services he has provided as a consultant:
Option A: Matthew could receive $8,000 today.
Option B: Matthew could receive $2,500 at the end of each of the next four years.
Option C: Matthew could receive $12,000 five years from now.
Required:
1. Calculate the present value for each option assuming that Matthew can earn 7 percent on any investment funds.
2. Which option results in the greatest financial benefit to Matthew?
3. If Matthew earns 10 percent, will that change your answer to # 2 above? Please explain.
Tom and Mary James just had a baby. They heard that the cost of providing a college education for this baby will be $100,000 in 18 years. Tom normally receives a Christmas bonus of $4,000 every year in the paycheck prior to Christmas. He read that a good stock mutual fund should pay him an average of 10 percent per year. Tom and Mary want to make sure their son has $100,000 for college. Consider each of the following questions.
a. How much does Tom have to invest in this mutual fund at the end of each year to have $100,000 in 18 years?
b. Tom’s father said he would provide for his grandson’s education. He puts $10,000 in a government bond that pays 3 percent interest. His dad said this should be enough. Do you agree?
c. If Mary has a savings account worth $50,000, how much must she withdraw from savings and set aside in this mutual fund to have the $100,000 for her son’s education in 18 years?
babies can hear and react to music. Introduction to music at a youthful age helps in the improvement of deftness and both gross and fine engine abilities. Playing music draws in the two sides of the cerebrum all the while, which is basic to solid mental health and assists understudies with exceeding expectations in other center subjects, for example, math, science, perusing, and composing.
Music programs are fundamental since they advance individual character improvement by cultivating aptitudes, for example, duty, discipline, time the board, imagination, tolerance, and tirelessness. Through the in a general sense communitarian part of music, understudies likewise manufacture significant social aptitudes, for example, correspondence, adaptability, participation, and administration. A comprehension and energy about music positively affects kids’ capacity to learn in every other experience for the duration of their lives, and understudies who study music are presented to circumstances that make an all the more balanced person.
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Music ought to be a center component of the instructive educational plan at each evaluation level. The national guidelines for music training are significant on the grounds that they give a structure that empowers instructors to continually assess and improve their educating. Jerome Brunner’s winding educational program learning hypothesis keeps up that ideas can be instructed at any age as long as they remain mentally genuine to the youngster’s level. Primary music ideas can be educated even at the most punctual evaluation levels and consistently based upon as the understudy develops. Each understudy ought to be allowed the chance to learn music, paying little mind to financial status, physical or scholarly capacity.
A decent music educator must be on a very basic level patient, compassionate, and adaptable, while as yet keeping up a sorted out and organized homeroom. Understudies ought to be shown both a stylish and scholastic comprehension of music, just as down to earth music abilities. It significant for a music instructor to utilize various showing methods so as to reach however many understudies as could be allowed, giving music exercises that invigorate sensation, visual and sound-related students the same. Thusly, a compelling music instructor must be both in fact talented as a performer and have a wide information base of hypothesis, history, and different parts of music.
The greatest blessing we can give our understudies is instruction that is understudy focused. As a teacher, my job is to give a sheltered and inviting condition for understudies to learn and develop. It is significant for figuring out how to happen in such a situation in this way, that understudies are liberated to act naturally, however allowed to commit errors. The best learning happens when it is helpful and collective in nature, letting understudies gain from one another and turn out to be all the more effectively occupied with their learning. I expect to enhance the melodic abilities of my understudies and help make the up and coming age of free and innovative artists.