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3 years ago

A partial payment given in order to show intent of purchase is called what?

1 answer:

6 0

A down payment is a partial payment given in order to show intent of purchase. When you intend to make a purchase of an item but do not have the means to pay in full or if a full upfront payment is not required, a down payment may be. A down payment can be a set amount or percentage that is agreed upon by the purchaser and the seller for the intent to purchase the item in full. In most cases, there is a contract outlining the partial down payment and then when everything is due in full.

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Roadside Markets has 8.45 percent coupon bonds outstanding that mature in 10.5 years. The bonds pay interest semiannually. What

Anarel [89]

Answer:

Total $1,091.0030

Explanation:

The market value of the bond will be the sum of the present value of the cuopon payment and the maturity date:

present alue of cuopon payment will be calculate as present value of an ordinary annuity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 42.25 (1,000 face value x 8.45% /2 payment per year)

time 21 (10 years at 2 payment per year+ 1 payment)

rate 0.036 (here we use the YTM rate /2 because there are 2 payment per year)

$42.25 \times \frac{1-(1+0.036)^{-21} }{0.036} = PV\\$

PV $615.1803

Then, for the present value at maturity, we calculate the present value of a lump sum

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 21.00

rate 0.036

$\frac{1000}{(1 + 0.036)^{21} } = PV$

PV 475.82

Finally, we add them both together

PV c $615.1803

PV m $475.8227

Total $1,091.0030

8 0

4 years ago

Which of the following is true about multicollinearity?

Komok [63]

Answer:

d. It is best measured using the statistic variance inflation factor (VIF).

Explanation:

Multicollinearity is an important issue in multiple regression model, having many independent/ explanatory variables. Multicollinearity is the situation in which two or more independent variables are highly correlated. It is problematic because it increases the standard error of independent variable coefficient & undermines its statistical significance

Variance Inflation Factor [VIF] is a check & corrective measure of multicollinearity.

VIF as a multicollinearity check : It quantifies the correlation between one explanatory variable with other explanatory variables.VIF = 1 implies there is no multicollinearity (correlation between independent variables); VIF upto 5 implies there is moderate multicollinearity (correlation between independent variables). VIF > 5 implies high multicollinearity (correlation between independent variables)
VIF as a multicollinearity correction : Calculating $Var (\beta j )$ = σ^2 / $[TSS j (1 - R^2j)]$ ; where TSS = total sum of square of variable j , σ^2 = j variance, R^2 j = R^2 from regressing all other independent variable on variable j

3 0

3 years ago

A teacher has decided to take her fifth grade class to a play. The manager of the theater agreed to discount the regular $35 pr

MArishka [77]

Answer:

40 students

Explanation:

The cost of the bus is $480

For x students, the cost of each ticket will be 35 - 0.30x

The total cost of the tickets for x students will be x(35 - 0.30x)

To find the number of students that will make the cost per student equal to $33, we solve for x:

480+ x(35 - 0.30x) =35

480+ x(35 - 0.30x) = 35x

480 + 35x - 0.30x² = 35x

480 = 0.30x²

1,600 = x²

40 = x

The cost per student will be $35 if the number of students is 40; it will be less than $35 if the number of students is greater than 40.

8 0

3 years ago

Your cousin is currently 14 years old. She will be going to college in 4 years. Your aunt and uncle would like to have $ 115 com

kumpel [21]

Answer:

they need to put into the account $99444.97

Explanation:

given data

age = 14 year

time period = 4 year

saving account = $115000

fixed interest rate = 3.7% per year = 0.037

future value = $115000

solution

we get here present value that is express as

present value = $\frac{future\ value }{(1+ rate)^t}$ ..........................1

put here value and we get

present value = $\frac{115000}{(1+ 0.037)^{4}}$

solve it we get

present value = $99444.97

so they need to put into the account $99444.97

6 0

3 years ago

A. medical payment auto 1. covers insured for life; is paid on for a specific-

ivolga24 [154]

Answer:

E. property damage auto 5. pays if insured is at fault and someone else's-

property is damaged

5 0

3 years ago

Read 2 more answers