Answer:
$1,045,517.95
Explanation:
Data provided in the question:
Semiannual payments = $193,000
Number of semiannual payments, n = 6
Annual interest rate, i = 6% = 0.06
when compounded semiannually = 6% ÷ 2 = 3% = 0.03
Now,
Single Payment = Semiannual payments × PVAF
here,
PVAF = [ 1 - (1 + i )⁻ⁿ ] ÷ i
or
PVAF = [ 1 - (1 + 0.03 )⁻⁶ ] ÷ 0.03
or
PVAF = 5.4172
Therefore,
Single Payment = $193,000 × 5.4172
= $1,045,517.95
Answer:
24.42%
Explanation:
(a) Index on the day immediately before the split (on 1 Jan 2017)
= (114+ 34 + 56 ) / 3
= 204/3 =68
Price of Douglas McDonnel stock just after the split (on 2 Jan 2017)
= 114/3 = $38
New divisor for the index
= (38 + 34 + 56)/68
= 128/68
=1.88
(b) Index on 1 Jan 2017 = 68
Index on 1 Jan 2018 = (41.08+ 48+ 70) / 1.88
= 159.08/1.88
=84.61
Hence:
Rate of return on the index for the year
2017
= (84.61 - 68) / 68 × 100
16.61/68×100
= 24.42%
Answer:
The difference between command economy's and market economy's is that a command economy the government controls what is produced and how it will be shared. and in a market economy people have more freedom and can make their own decisions.
Explanation:
Answer:
A country induce imports mainly due to two strategies. First is when the needs is to be satisfied for a commodity that cannot be produced domestically or to foster competition in the domestic country.
When the imports increase the domestic industries tries to improve their operations by increasing efficiency which leads to better economic growth and employment opportunities.
