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inna [77]
3 years ago
11

Your car needs a new engine and it cost $1,000. you currently have $600 to invest at 7% compound annually, how long will you hav

e to wait to buy the engine?
Business
1 answer:
sergejj [24]3 years ago
4 0
Amount = Principal ( 1 + interest rate) ^ years

$1000 = $600 ( 1 + .07 ) ^ years

$1000 / $600 = 1.07 ^ years

1.66667 = 1.07 ^ years

years = 8


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The emergency food assistance program distributes ___________ for home and institutional use. funds to buy food meals grocery st
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Food. Is there anything else to this?
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Factors in determining the elasticity of demand for a good
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Answer:

1.  Nature of commodity

2.  Availability of substitutes

3.  Income level

4. Postponement of consumption

5. Number of uses

6. Share in total Expenditure

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The analytical tool designed to
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In his traditional role Finance

Manager is responsible for

Select one:

a

Running the business smoothly

b

Proper utilisation of the funds

c

Arranmgement of financial

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d

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Explanation:

In his traditional role Finance

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Select one:

a

Running the business smoothly

b

Proper utilisation of the funds

c

Arranmgement of financial

resources

d

Efficient management of cash

7 0
3 years ago
Minor Electric has received a special one-time order for 1,500 light fixtures (units) at $5 per unit. Minor currently produces a
Maslowich
The company should accept the special order because it will get an additional profit of $4,000 ($12,500 - $7,500 - $1,000) for the special order. This additional profit amount can be acquired by separating the effect from the special order on each cost and sales of the company's business. The sales should increase by $12,500 ($5 x 2500 unit) amount if the job is taken and the variable cost should increase by $7,500 ($3 x 2500 unit). Lastly, the fixed cost should increase by $1,000 (the new machine).
3 0
3 years ago
Read 2 more answers
The exercise price of the options is $100 per share, all options are European and the stock does not pay any dividend. The call
Ber [7]

Answer:

Stock Price is $98.70

Explanation:

given data

exercise price = $100 per share

call price = $25 per share

put price = $17 per share

mature time = 2 years

annual rate of interest = 5%

to find out

What is the stock price today

solution

we will use here Put Call Parity for find out Stock Price that is express as

C + \frac{100}{(1+r)^t} = S + P    .....................1

here C is call price and r is rate and t is time and S is Stock Price and P is put price so put all value in equation 1

C + \frac{100}{(1+r)^t} = S + P

25 + \frac{100}{(1+0.5)^2} = S + 17

solve it we get

P = $98.70

so Stock Price is $98.70

6 0
3 years ago
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