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hammer [34]
3 years ago
10

You want to buy an Audi A8 7 years from now. You have priced these cars and found that they currently sell for $83,800. You beli

eve that the price will increase by 10% per year for the next 7 years. You can presently invest to earn 10% annual interest, compounded annually. How much will you need to invest every year (hint: PMT) to be able to afford to buy the car in 7 years?
Business
1 answer:
lana [24]3 years ago
8 0

Answer:

We to invest <em> $ 17,213 per year to buy the car in  seven years from now</em>

Explanation:

<u><em>First, we solve for the future value of the car:</em></u>

Principal \: (1+ r)^{time} = Amount

Principal 83,800.00

time 7.00

rate 0.10000

83800 \: (1+ 0.1)^{7} = Amount

Amount 163,302.49

<u><em>Then, for the PTM to achieve tham amount in 7 years:</em></u>

FV \div \frac{(1+r)^{time} -1}{rate} = C\\

FV 163,302

time 7

rate 0.1

163302.49298 \div \frac{(1+0.1)^{7} -1 }{0.1} = C\\

<em>C  $ 17,212.981 </em>

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The market price of Friden Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchang
WINSTONCH [101]

Answer: Option (C) is correct.

Explanation:

Given that,

Old market price of stock = $15

New market price of stock = $18

Here, we assume that EPS be $5.

So,

Price-earning ratio at old price = \frac{Market\ Price}{EPS}

                                                   =  \frac{15}{5}

                                                   = 3

Price-earning ratio at New price = \frac{Market\ Price}{EPS}

                                                   =  \frac{18}{5}

                                                   = 3.6

Hence, price-earnings ratio increases.

7 0
3 years ago
MBO works by objectives moving through the organization; that is, top managers set general organizational objectives, which are
vagabundo [1.1K]

Answer:

D. cascade down

Explanation:

Based on the information provided within the question it seems that this is an example of MBO working as objectives cascade down through the organization. This can be said since the organizational goals/objectives start at the top of the organization (executives and managers) and move down through the organizational hierarchy to the lower level employees. Thus cascading down.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
2 years ago
"Bill thought he had received the best deal on his new car. Shortly after the purchase, Bill started to notice certain disadvant
prohojiy [21]

Answer:

Cognitive dissonance

Explanation:

Cognitive dissonance is the term which occurs or happen when the tension arises among the attitudes or beliefs of the person and the decision that contradicts with those pre- existing thinking modes.

In short, it means that it occurs when a person select among the two equally unappealing or equally attractive options.

So, in this case, Bill thinks that he had received the best deal for the car, but after purchasing, he noticed the disadvantages of the car as he learned regarding the new cars. Therefore, he is experiencing the cognitive dissonance.

6 0
3 years ago
Carter's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $45.00, what is its nominal (not eff
Lera25 [3.4K]

Answer:

8.89%

Explanation:

The answer is 8.89%

Here is how we arrived at this.

Dividend = 1$ times 4

= $4 annually

Then we calculate for the nominal rate of return.

This is equal to dividend / price.

= $4/ $45

= 0.0889

To convert this to percentage

0.089 x 100

= 8.89% is the nominal annual rate of return.

3 0
3 years ago
Within his role as a financial accountant, Roger uses the capital asset pricing model and other mathematical tools to help clien
Agata [3.3K]

Answer:

A. Quantitative perspective

Explanation:

Roger using the capital asset pricing model and other mathematical tools to track finances is focused on quantitative perspective.

He is relying more in the figures to assist his clients.

Quantitative methods are characterised by use of statistics, mathematics, analysis and formation of logical models. Decisions are made on the final result.

6 0
3 years ago
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