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1 year ago

a market is a market for new issues of securities. a market is a market for already existing securities.

1 answer:

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Market for new issues of securities is Primary Market and Market for already-existing securities is Secondary Market.

What is Secondary Market?

Investors can acquire and sell securities they already possess on the secondary market. Although stocks are also sold on the main market when they are originally issued, it is what most people refer to as the "stock market."

Therefore,

Market for new issues of securities is Primary Market and Market for already-existing securities is Secondary Market.

To learn more about Secondary Market from the given link:

brainly.com/question/17168396

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2 years ago

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Answer: The monthly payment will be $2007.81.

We have:

Cost of the sports coupe (PV) $84,500

Annual Percentage Rate (APR) 6.6%

Loan tenure in months (n) 48

We can find the monthly payment by using the Present value of an annuity formula:

$\mathbf{PV_{Annuity}= PMT * \left ( \frac{1-(1+r)^{-n}}{r} \right )}$

Since APR is a yearly number, we need to convert it into a monthly rate.

So , $r = \frac{0.066}{12} = 0.0055$

Plugging values in the PV formula above we get,

$\mathbf{84500 = PMT * \left ( \frac{1-(1+0.0055)^{-48}}{0.0055} \right )}$

$\mathbf{84500 = PMT * \left ( \frac{1-0.768529253}{0.0055} \right )}$

$\mathbf{84500 = PMT * \left ( \frac{0.231470747}{0.0055} \right )}$

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1 year ago