Answer:
$5,175
Explanation:
The computation of the amount after 8 month is as follows
As we know that
Amount = Principal × (1 + interest rate × number of days ÷ total number of days)
where,
Principal = $5,000
Interest rate = 5.25%
Number of days = 30 days × 8 months = 240 days
And, the total number of days = 360 days
So, the amount after 8 months is
= $5,000 × (1 + 5.25% × 240 days ÷ 360 days)
= $5,000 × 1.035
= $5,175
Answer: $106,250
Explanation: Conventional loans often require 20% down to avoid PMI ($125,000), and Nico has paid a $50,000 deposit ($625,000 x .08). Closing costs are $31,250 ($625,000 x .05).
He needs $106,250 to close ([$125,000 - $50,000] + $31,250).
Answer: When economists say that a good is no -rival in consumption, More than one person can enjoy the good at the same time
A good is excludable if someone can be prevented from using it. A good is rival in consumption if one person's use reduces others' ability to use the same unit of the good. Markets work best for private goods, which are excludable and rival in consumption. Markets do not work well for other types of goods.
Answer:
$99.3625
Explanation:
The computation of ex-dividend stock price is shown below:-
Ex-dividend stock price = Stock closing price - Stock dividend × (1 - tax rate)
= $105.64 - $7.75 × (1 - 19%)
= $105.64 - $7.75 × 0.81
= $105.64 - 6.2775
= $99.3625
Therefore for computing the ex-dividend stock price we simply applied the above formula.
Answer: b. An investor will be able to sell these shares for a higher price and make a profit.
Explanation:
Capital gains are a way to earn a return from owning stock in a company. They involve buying stock at a certain price and then selling the stock when the price increases. The difference between the selling and the buying prices is your capital gain.
This is the benefit to the investor here. If they buy a stock that grows with the company. They will be able to sell at a higher price eventually such that they will make a capital gain.
