a firm installs 1500 air conditioners which need to be serviced every six months. the firm can hire a team from its logistics de
1 answer:
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Answer:
Cindy has more amount than Jimmy.
Explanation:
Amount invested by Cindy P = $3000
Annual rate of interest = 8%
As the amount is compounded semiannually
So rate of interest %
Time = 20 year
So time period n = 20×2 = 40
So amount own by Cindy
$
Amount deposit by jimmy P = $3000
Annual rate of interest = 7.75 %
As the amount is compounded monthly
So rate of interest %
Time period = 20×12 = 240
So amount own by Jimmy
$
From the calculation we can see that Cindy has more amount than Jimmy.
Answer:
Business is a commercial activity or a persons regular occupation , profession or trade.
Answer and Explanation:
The computation of the maturity of the bond is as follows;
When the bond sales at par that means the future value is equivalent to the present value. Also the par value is considered as a future value and we assume the par value be $1,000. Also the coupon rate and the market rate is the same i.e. 10%
Now
Present value = $1,000
Future value = $1,000
PMT = 10% of $1,000 = $100
RATE = 10%
The formula is shown below:
= NPER(RATE;PMT;-PV;FV;TYPE)
The present value comes in negative
After applying the above formula, the maturity would be
As it shows #VALUE so it is not able to find therefore the maturity would be equal to the par value i.e. $1,000
