Answer:
C. 8%
Explanation:
Future value factor:
= $18527.74 / $40000
= 0.4631935
At 8% for 10 years the future value factor is 0.4631935
Note: Proof of calculation is attached below as picture
Answer:
the steps are
1.
2.
3.
4.
Explanation:
these are the steps because in order to get the analysis you need to go through these steps
Three of the most important questions he needs to ask are the following: 1. Are you making a big purchase? This is important because the bigger the pruchase the better attention he needs to have into interest rates. 2. <span> How are you paying off your card balance?</span> the payment can be in one payment or in different ones. And 3. <span> Would you like free bonuses with your purchase? some credits offer that some others not. It is very important to have that in mind</span>
Answer:
C) 2.57%
Explanation:
Pet World's net cash flows:
<u>Year </u> <u>Cash flow</u>
0 -$9,500
1 $2,000
2 $2,025
3 $2,050
4 $2,075
5 $2,100
In order to find the rate of return we can use an excel spreadsheet and the IRR function =IRR (values,[guess]) =IRR (-9500,2000,2025,2050,2075,2100)
=IRR = 2.57%
Answer: c. A bilateral contract
Explanation:
In a bilateral contract, the parties involved promise to both perform duties to the other which will make them both an obligor and an obligee.
An obligor is one who owes a duty to another and the obligee is one who a duty is owed to.
Aaron both owes a duty to sell the boat to Matt as well as being owed by Matt the duty to buy his boat. The same goes for Matt thus making this a bilateral contract.
