Answer:
= $165.991
Explanation:
<em>The deposit each week can be determined using the the sinking fund formula.</em>
<em>A sinking fund is an investment plan where a fixed amount of money is deposited into an interest-yielding account to accumulate a target sum in the future.</em>
Equal deposit = FV/ annuity factor
Annuity factor =((1+r)^(n) - 1)/r
FV = future amount, - $28,000
r - interest rate per period - 5.18%/52 <em>= 0.0996% per week.</em> <em>Remember that there are 52 weeks in a year</em>
n - number of period = 3× 52 = 156 weeks
Annuity factor =( (1 +0.099%)^(156)-1)/0.0996%
= 168.6835499
<em>Deposit per week</em>
<em>= </em><em> 28,000/ </em>168.683
= $165.991
FV = A × ((1+r)^(n) - 1)/r
<span>This is the current value of cash inflows.
NPV helps determine the net present value of opportunities (such as whether or not company A's investment is better than company B's investment, or if one should take Project 1 over Project 2). NPV must take into account budgeting aspects into its calculation.</span>
Answer:
Probability that the person selected will be one who invests in municipal bonds but not in oil stocks is
Explanation:
Given : Total no of people in the group = 2500
Investors of municipal bonds = 35% i.e .35 × 2500 = 875
Investors of both municipal bonds and oil stocks
= 7% i.e .07 × 2500
= 175
Hence, the investors who have invested in municipal bonds but not oil stocks = 875 - 175 = 700 investors
Probability that the person being selected will be one who invests in municipal bonds but not in oil stocks =
=
=
Answer:
House of Representatives
Explanation:
House of Representatives, it is the lower house of United States congress that is made up of the House of Representatives and Senate, which is the body of officials that are elected as well as represent the individual districts in their home states.
The work involve the members to vote and pass the laws. And the numbers of the house members is determined through the state population and their term of two years.
Therefore, the federal body of House of Representatives are the one who perform the bills in relation to the taxes or revenue originate.