Answer:
$40
Explanation:
If the beneficiary appoints to use the items with different date to measure the estate of the deceased, the share price shall be the price at the time six months after passing, if the property has been previously sold. In this scenario, the FMV on the original sale, $40.
Answer:
$197,000
Explanation:
Calculation for what were the firm's budgeted payments in March
Month Purchase Payment in month
January 200,000* 10% =20,000
February 180,000* 60%= 108,000
March 230,000 *30%= 69,000
Firm's budgeted payments in March $197,000
(20,000+108,000+69,000)
Therefore the firm's budgeted payments in March is $197,000
<span>Future Value=Payment*[(1+i)^n-1]/i where i is the interest rate and n is the number of payments. N is 36 (3 years *12 months per year) and our monthly interest rate is 4.4%/12.
Doing the math, 10000=Payment/38.4089665
Payment=260.36</span>
Answer:
The value of the bond which is the current price is $ 830.16
Explanation:
It is very vital to note that a rational investor values a bond today based on the cash flows payable by the bonds in future discounted to today's terms.
The future cash flows comprise of the yearly coupon interest of $60(6% *$1000) for 10 years as well as the repayment of the principal $1000 at the end of year 10
To bring the cash inflows today's term, we multiply them them by the discounting factor 1/(1+r)^N , where is the yield to maturity,r is 8.6% and N is the relevant the cash flow is received.
The discounting is done in attached spreadsheet leading to $ 830.16 present value today.
It is expected that the bond would be issued at discount as yield to maturity is higher than annual interest.
Answer:
D. Ensure that she credits the loan amount accurately to the customer's account.
Explanation:
Financial institutions are companies that offer a wide range of monetary and financial services to various customers. The financial institutions include; commercial banks, brokerage firms, investments firms and currency exchange companies. The services offered are; cash deposits and withdrawals, loans, investment services and currency exchange services.
These services can be offered to individuals or even companies that might need a wide range of financial services. In order for these services to be conducted in an orderly fashion, the services offered have to be regulated. This means that the service providers and the customers have to operate within a legal threshold. A knowledge of the legal responsibility of each party is therefor important in these type of environment.
In our case, the legal responsibility of Erin who works as a representative of the financial institution would be to ensure that she credits the loan amount accurately to the customer's account since Erin had already approved the customer's housing loan.
