Answer:
$267.1211
Explanation:
return on preference share per unit is $6 , thus at 12% annual rate of return. Initial value of preference shares will be $50 per unit ( $6 divided by 12%).
Total value of preference shares = $50 multiplied by 100 preference shares = $5000
Future value of preference shares = 5000 (1.12)^5 = $8,811.7084
to find the value of money to be deposited to be able to buy the preference shares at the end of 5 yrs.
we work back to get the present value using the mutual fund annual rate
$8811.7084 = pv (1.06)^60 the rate is compounded monthly. Hence we shall compound the return 60 times in 5 years
Bank account money = 8811.7084 divided by 32.9877 = $267.1211
1. American institute of architects
2. American medical association
3. Screen actors guild
4. American society of mechanical engineers
you are very welcome!
This is a positive statement
Answer:
78%
Explanation:
Able has an awareness level of 78%.
Next year, it will lose a third of its awareness level.
78% * 1/3 = 26%
78% - 26% = 52%
So the base awareness level of able for next year will be 52%, however, even if the company reduced the promotion budget, it still has 1 million dollars to invest, and the question is telling us that 1 million in promotion investment results in a 26% increase in awareness, therefore
52% + 26% = 78%
Thus, after investing the 1 million dollars, Able's awareness level next year will be the same as the current year: 78%
