Answer:
$836.08 per month
Explanation:
In order to calculate Cindy's new monthly rent, we would simply need to divide the renter's insurance by 12 since there are 12 months in a year. and then add that product to her monthly rent like so...
565.00 / 12 = 47.08
789 + 47.08 = 836.08
Finally, we can see that Cindy's new rent after including the renters insurance would be $836.08 per month
Answer:
C. Letter C; demand exceeds supply, resulting in a shortage
Explanation:
I had put my answer as A on the test and got it wrong. But this is the correct answer C.
Answer:
B. Personal credit if it is a personal loan
D. If the individual applies to start a business
Explanation:
Typically Financial institutions extend loans based on "credit worthiness" (or credit score) of the individual and can be extended based on whether the individual has an asset to secure the loan. Lack of an asset can have a negative result (dependent upon the amount requested) if the loan request is for a large amount of money.
Answer:
The stock price is $33.26
Explanation:
<u>Dividend of the year</u>
D1 = 1.85 * 1.24
D1 = 2.294
D2 = 2.294 * 1.18
D2 = 2.70692
D3 = 2.70692 * 1.12
D3 = 3.0317504
D4 = 3.0317504 * 1.06
D4 = 3.213655424
Price at year 4 = 2.70692 * 1.12 * 1.06^2/(14%-6%)
Price at year 4 = 42.58093437
Current price = 2.294/1.14 + 2.70692/1.14^2 + 2.70692*1.12/1.14^3 + 2.70692*1.12*1.06/1.14^4 + 42.58093437/1.14^4
Current Price = $33.26
So, the stock price is $ 33.26