2. What are the main costs associated with higher education? Why might the financial burden of college actually be economically
1 answer:
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Answer:
Total $53.0656 (millions)
Explanation:
We will need to add the present value of the coupon payment
and the present value of the maturity date
<u>present value of the annuity:</u>
C= 60 million x 5% /2 1.5
time= 20 years 2 payment per year = 40
rate = 6% annual = 0.06/2 = 0.03 semiannually
PV $34.6722
<u>present value of the bonds:</u>
Maturity 60
time 40
rate 0.03
PV $18.3934
<u>The value of the bond will be the sum of both</u>
PV c $34.6722
PV m $18.3934
Total $53.0656
The percentage increase in the total sales for 2006 is 15% while the increase in sales of the trench coats is 23.3%; therefore the percentage increase in total sales of trench coats is 8.3% faster.
Computation:
1. The total amount of sales for 2006 and 2007:
2. Now, the percentage increase will be determined for the total number of coats and trench coats:
For the total number of coats, the values used will be the total sales of 2006, and total sales of 2007.
For the trench coats the values used will be the sale of trench coats in 2006 and 2007.
3. Now, the net percentage increase in sales due to the trench coats is computed as follows:
Therefore, the correct option is option B. Sales of trench coats increased 8. 3 percentage points faster than total coat sales.
To know more about percentages of increase in sales, refer to the link: