Care facilities are expensive. Your mother wants a single room with her own bath-room. The annual estimated cost is $100,000, but your mother does not anticipate entering the facility for four years. Her life expectancy when she enters the facility will be three years. Currently she has $200,000 in assets that are earning 6 percent. How much must she invest annually to meet her anticipated financial needs

$3,384.31

Explanation:

first of all we must determine how much money do you need to pay for 3 years of the facility:

PV = $100,000 x 2.6730 (PV annuity factor, 6%, 3 periods) = $267,300

if your mother does not invest more money, she will have $200,000 x (1 + 6%)⁴ = $252,495

this means that your mother will be $267,300 - $252,495 = $14,805 short

her annual contribution = $14,805 / 4.3746 (FV annuity factor, 6%, 4 periods) = $3,384.31

1. Debates can help you practice and demonstrate your critical thinking skills.

2. Debates can help you learn to discuss complicated topics calmly, clearly,

and competently

3. Debates can help you cultivate your persuasion skills

4. Debates help deepen your understanding of topics when you "actively"

listen to opposing views

5. Debates help sharpen communication skills – you can learn to say more

with fewer words

6. Debates can be mind-opening – "actively" listening to opposing opinions

can help you think out of the box – they can offer a broader range of

alternatives, excite imagination, and ignite creativity

7. Debates help remind you that while business is about competition it is also

about compromise and cooperation

8. Debate teams can offer a sense of comradeship, demonstrating the value of

teamwork.

9. To those with a truly open-mind, debates can broaden and deepen

reasoning and communicating skills. They can enhance the ability to

think and communicate clearly and quickly.

Debates are not...

1. Debates are not wars

2. Debates are not arguments

3. Debates do not mean one team must win and one must

lose (both can be successful or both can be losers)