Answer:
C
Explanation:
this is the answer bc there is really no effect
Answer:
$395833
Explanation:
Calculation to determine How much money is the firm considering borrowing if the interest rate is 8 percent
Amount to borrowed=(95000 / 75000) = [95000 – (X * 0.08)] / 50000
Amount to borrowed=1.26 = [95000 – (X * 0.08)] / 50000
Amount to borrowed=63333.33 = 95000 – (X * 0.08)
Amount to borrowed=31666.65 = X * 0.08
Amount to borrowed=X=31666.65/0.08
Amount to borrowed=$395833.33
Therefore How much money is the firm considering borrowing if the interest rate is 8 percent will be $395833
A dual banking system refers to the U.S in which banks supervised by the federal government and banks operated by the states are operated side by side. <span />
Answer:
Explanation:
I would recommend the following financial services:
- Using a debit card: this will eliminate the need for Kim to move around with cash or physical checks in order for her to make purchases directly from her savings.
- The use of mobile banking services: this is a service that her bank provides, in which Kim can carry out transactions remotely, using her phone. It is called mobile banking because transactions can be performed on the go. Kim can access her accounts anytime, and she can also be alerted via text messages about her bank account status.
- The use of online banking services: this will also be a convenient method for Kim to carry out financial transactions, because this can be conducted over the internet, and at Kim's convenience.
Answer:
Money in 31 years will be = $1,648,641.73
<u>Explanation:</u>
As per the given data:
Inherit Money (PV) = $114,000
Interest rate (i) = 9% p.a (Compounding is done annually as said in the question)
Holding period (n) = 31 years.
Money to have in is the Future value (FV) =?
We can use following time value formula to calculate the future value -
FV = PV * (1 + i) ^ n
putting the values
:
FV = 114,000 * (1 + 0.09) ^ 31
FV = 114,000 * (14.461769531353)
Thus,
Future Value is = $1,648,641.73