discount; 2.73
premium; 2.73
discount; 3.65
premium; 3.65
The forward rate on British pounds exhibits a premium of 2.73 percent.Answer: Option 2.
<u>Explanation:</u>
An interest rate is the percentage of principal charged by the bank for the utilization of its cash. The chief is the measure of cash advanced. Since banks acquire cash from you (as stores), they additionally pay you a loan fee on your cash.
The nominal interest rate is the rate of interest with no alteration for inflation. For instance, assume somebody stores $100 with a bank for 1 year, and they get enthusiasm of $10 (before charge), so toward the year's end, their parity is $110 (before charge).
Answer:
17
Explanation:
We have the following information from this question;
Total amount of corn bushel needed = 85,000
The number of contract = 5000
Settle price = $5.19
This is asking us to state the number of contract that is to be bought.
Divide amount of corn bushel by contract
= 85,000/5000
= 17
Therefore the number of contract to buy is 17
Competitor pricing. Because all stores compete to have better sales so they change their prices to make them better to make a profit.
Answer:
$247,300
Explanation:
Given that
Invested amount = Present value = $11,2000
Time = 10 years × 4 quarter = 40
The rate = 8% ÷ 4 = 2%
So, we have to applying the future value formula which is presented below:
Future value = Present value × (1 + interest rate)^ time period
= $112,000 × (1 + 0.02)^40
= $112,000 × 1.02^40
= $112,000 ×2.2080396636
= $247,300
Answer:
Documents Required for Mortgage Loan:
- consumer's credit score
- consumer's income statement
Documents Required to Close on a Home Purchase:
- transfer of title ownership
- mortgage loan agreement