In my further research and understanding, the amount P that is invested now to allow withdrawals of $900 per year for the next 13 years and to permit $320 to be withdrawn is $100. I hope you are satisfied with my answer and feel free to ask for more if you have questions and further clarifications
- Limit the cards you open: limiting the card you open reduce you from using your credit card for to many purchases
- Never carry a balance: make paying with cash your first method of payment
Answer:
The price of the bonds = $951.963
Explanation:
<em>The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate </em>
Value of Bond = PV of interest + PV of RV
The PV of interest payment
A ×(1- (1+r)^(-n))/r
A- interest payment, r- interest rate, n- number of years
Interest payment = 100
PV = 100× (1- 1.12^(-3))/0.12= 240.183
PV of redemption value
PV = RV× (1+r)^(-n)
RV- Redemption value - 1,000, r- interest rate, number of years, number of years- 3
PV = 1000× 1.12^(-3) = 711.7802
The value of bond = 240.18 + 711.78= 951.963
The price of the bonds = $951.963
Answer:
d. handle Preincorporation transactions.
Explanation:
Promoters are those who undertake in the setting up of a company. They also does the Preincorporation work before the company is set up like floatation, incorporation, promotion and seek people's help to invest money in the formation of the company.
Stages involved in the formation of a company are
-Promotion,incorporation,capital set up and final commencement of business. The work of a promoter here is the promotion promotion of the company to be set up.
Promoters perform some other functions like identifying business ideals, investigation of business to be formed, ensure name approval and preparing documents necessary for the formation of the company.
Some of the liabilities of promoters are as follows;
- Exercise due diligence and care while performing as a promoter
-Responsible for handling Previous corporation contracts
-Secret profit should not be made by a promoter prior to the setting up of the company
If the merge happens, shareholders of both companies will have a stake in the new one.
Merger announcements will specify what percentage of the combined company each group of shareholders will own based on the deal's terms. Shareholders whose shares are not exchanged will find their control of the larger company diluted by the issuance of new shares to the other company's shareholders.
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