Answer:
$245.09
Explanation:
A service contract for a video projection system costs $90 a year. You expect to use the system for three years.
Instead of buying the service contract, the future value of these annual amounts after three years if you earn 5 percent on your savings will be:
PV
Ordinary Annuity
=C×[ ((1−(1+i) ^−n
) / i ]
where
n = number of years = 3
i = interest rate = 5%
Present Value of the annuity = 90 x [ ((1 - (1+0.05)^-3) / 0.05] = $245.09
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Answer:
The quoted price of the bond is $1,748.41
Explanation:
The quoted price of the bond can be computed using the pv formula in excel which is given below:
=-pv(rate,nper,pmt,fv)
The rate is semiannual yield to maturity since the bond pay interest semiannually,which is 6.9%/2=3.45%
nper is the number of coupon interests the bond would pay over its entire bond life which is 24 years multiplied 2 i.e 48
pmt is the coupon interest payable semiannually which is $2000*5.82%/2=$58.20
The fv is the face value of the bond at $2000
=-pv(3.45%,48,58.20,2000)=$ 1,748.41
The bond quoted price is currently $ 1,748.41
This is an example of FRAUD. Fraud is defined as any wrongful or criminal deception which is aimed at obtaining personal gains, which can be financial or otherwise. There are different types of fraud, they include: fraudulent financial statement, bribery and corruption, misappropriation of assets, embezzlement of company's funds, etc. All frauds are illegal.
Answer:
c) $22,000
Explanation:
Find the attachment below
