<span>A craft union is a union in which all of it's workers do the same type of work. They also use very unique and specialized skills and training. This is best for people is have a particular craft or skill they are great at.</span>
Answer:
E. $2,688.77
Explanation:
We need to calculate the PMT of an ordinary annuity at 6%
PV 402,000
time:
85 years - 62 years = 23 years of retirement
23 years x 12 months per year = 276 months
rate: 6% annual rate we must divide over 12 months to convert into monthly: 0.06/12 = 0.005
C $ 2,688.766
<em>She can withdraw 2,688.76 per month</em>
Answer:
a. Other Comprehensive income for 2020 = Unrealized holding loss = -$9.9 million
b. Comprehensive income for 2020 = Net income - Unrealized holding loss = $1,180 million -$9.9 million = $1,170.1 million
c. Accumulated other comprehensive income at December 31, 2020 = Accumulated other comprehensive income - Other Comprehensive income for 2020 = $55.2 million -$9.9 million = $45.3 million
Answer: Gross national product (GNP)
Explanation: Gross domestic produce refers to the market value of all final goods and service produced withing the domestic territory of a country. It considers where the production occurs. While, GNP refers to the market value of final goods produced by factors of production owned by a country's residents. Thus, GNP considers who is responsible for the production.
Thus, correct option is <em>Gross National Product</em> (<em>GNP</em>).
Answer: 7.5%
Explanation:
Given the following :
Coupon rate = 7.5% semi-annually = 0.0375
Coupon or interest payment per period = $37.5
Period (n)= 6.5 years * 2 = 13
Face value(f) = $1000
Price of bond = face value = $1000
Semiannual Yield to maturity = [(((f-p)/n) + C) / (f + p)/2]
Semiannual YTM = [(((1000 - 1000) / 13) + 37.5) / (1000 + 1000)/2]
Semiannual Yield to maturity = [(((0 /13) + 37.5) / 2000/2]
= 37.5 / 1000 = 0.0375 = 3.75%
Yield to maturity = 2 × Semiannual yield to maturity
Yield to maturity = 2 × 3.75% = 7.5%
