Answer:
19.7%
Explanation:
The modified internal rate of return is a capital budgeting method used to determine the profitability of an investment. The MIRR assumes that cash inflows are reinvested at the firm's cost of capital and outflows are financed at the firm's financing cost.
MIRR = (Future value of a firm's cash inflow / present value of the firm's cash outflow)^ (1/n) - 1
Future value = payment x[ (1 + interest rate)^n - 1 ] / interest rate
$193,000 x (1.17^5) - 1 / 0.17 = 1353779.24
1353779.24 / $551,000) ^0.2 - 1 = 19.7%
Answer: The rule that requires that a contract should be written is Equal dignity rule
Explanation:
Equal-dignities rule is a rule in which an agent act according to the authority give ln by the principal. These action are only taken by the agent through following the written authorization.
It is crucial on cases of fraud hence in this rule a contract is considered on in a written form otherwise it may be rejected .
Answer:
certificate of deposit.
Explanation:
A certificate of deposit is one that funds are deposited for a fixed period of time at a particular interest rate. Usually interest rate is determined by the amount being deposited.
Premature liquidation of the certificate of deposit attracts penalty.
This will be the ideal account for Connie Shockey since she does not want an account she can easily withdraw from.
The penalty charged on premature liquidation will serve as a deterrent of she wants to withdraw.
Certificate of deposit is a stable high yield form of investment that will give Connie good returns.
