Answer: See explanation
Explanation:
a. The computer is priced at $1,299, and the vacation is priced at $750.
This is a unit of account as Manuel can measure and compare the prices of the two goods.
b. Manuel has only $1,537 in his checking account.
This is store of value. This means that money can be saved by an economic agent and later retrieved in the future when the person needs it.
c. Manuel writes a check for $1,299.
This is a medium exchange. Manuel buying the computer and writing a check for $1,299 shows that money can be used in exchange for goods and to pay for transactions.
Answer:
c. suggest a listing price based on comparable market data.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.
Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.
The par value of a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid. Thus, a bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.
Generally, a listing broker should suggest a listing price based on comparable market data.
Answer:
Saving each month is $5733.12
Explanation:
The down payment amount = $1000000 × 40% = $400000
The per month earning = $8000
The earning from saving account = 6%
We have to find the amount that will be saved per month by using the above information.
Interest rate per month = 6% / 12 = 0.5% or 0.005
Number of periods = 6 ×12 = 60
Future value of annuity = $400000
Saving each month = FV / ([(1+r)^n-1] / r)
Saving each month = 400000 / (((1 + 0.50%)^60 – 1)/ 0.50%
Saving each month = 5733.12
He would have to make 30 dollars extra on the last month to make the total amount of 800 dollars.
