Answer:
The monthly payment is $172.29
Explanation:
The computation of the monthly payment is shown below:
Given that
NPER = 2 × 12 = 24
RATE = 2% ÷ 12 = 0.1666%
PV = $4,500 - $4500 × 10% = $4,050
FV = 0
The formula is given below:
= PMT(RATE,NPER,PV,FV,TYPE)
After applying the above formula
The monthly payment is $172.29
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Answer:
<u>O equal sign</u>
<u>Explanation:</u>
The equal sign in the Excel spreadsheet application notifies the program that a formula is about to be entered. For example, to perform a summation by typing into a cell, failing to put the equal sign before sum {= sum} would result in an error. Notice this difference in the attachment.
Answer:
<u>have common needs</u>
Explanation:
Marketing Segmentation refers to dividing or segregating markets into different segments based upon different traits. All prospective buyers classified into a particular segment, share common needs and buying preferences.
Marketing Segmentation can be done geographically, demographically, Psychographic or Behavioral basis.
Geographic relates to location, demographic relates to age composition or gender, psychographic relates to buyer psychology and perceptions, behavioral relates to behavior of buyers and their respective traits.
Answer:
Average annual rate of return = 4.3%
Explanation:
<em>The return on a stock is the sum of the capital gains(loss) plus the dividends earned.
</em>
<em>Capital gain is the difference between he value of the stocks when sold and the cost of the shares when purchased.
</em>
<em>Total shareholders Return = </em>
<em>(Capital gain/ loss + dividend )/purchase price × 100</em>
So we can apply this to the formula:
Total dividend earned= (1.37 × 100) + ($1.55 × 100) + ($1.66× 100)+ ($1.74 × 100) +($1.85 ×100) = 817
Capital gain= (84.76-76.63)*100 = 813
Total return (%) = (813+817)/(76.63*100) × 100= 21.3%
Average Annual return = Return over investment period /Number of years
= 21.3/5 = 4.3%
Average annual rate of return = 4.3%