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2 years ago

________ was a protest movement of debt-ridden farmers facing foreclosures on their homes and farms.

1 answer:

4 0

The Shays Rebellion in Massachussets was a violent mob demanding paper money and lower taxes in 1786. They forced the temporary closure of the courts.

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You have two options to repay a loan. You can repay $6,000 now and $5,940 in one year; or you can repay $12,000 in 6 months. Fin

Brums [2.3K]

Answer:

We will consider positive interest rate which is i=0.21 or i=21%

Explanation:

The formula for Future value is:

$FV=PV(1+i)^n$

The present value will become:

$PV=FV(1+i)^{-n}$

where:

n is the number of years

Since the condition is same present value,so the given data form the equation:

$6000+5940(1+i)^{-1}=12000(1+i)^{-1/2}$

Divide above equation by $(1+i)^{-1}$

$6000(1+i)+5940=12000(1+i)^{1/2}$

Let $z=(1+i)^{1/2}\\$ . Above equation will become:

$6000z^2+5940=12000z$

Rearranging above equation:

$5940-12000z+6000z^2=0$

Solving the quadratic equation:

z=1.1, z=0.9

Let $z=(1+i)^{1/2}\\$ will become:

$z=(1+i)^{1/2}\\\\z^2=1+i$

$i=z^2-1$

For z=1.1

$i=(1.1)^2-1\\i=0.21$

For z=0.9

$i=(0.9)^2-1\\i=-0.19$

we will consider positive interest rate which is i=0.21 or i=21%

7 0

2 years ago

Bill is considering investing $450 at the end of every month in a fixed income instrument. He will receive $27,000 at the end of

Nikitich [7]

Answer:

11.61%

Explanation:

First, find the annual percentage return (APR) of this annuity. Using a financial calculator, input the following;

Recurring payment; PMT = -450

Future value ; FV = 27,000

Duration of investment ; N = 4*12 = 48 months

One -time present value; PV = 0

then compute interest rate; CPT I /Y= 0.92% (this is monthly rate)

APR = 0.92*12 = 11.035%

Effective Annual Rate (EAR) formula is as follows;

EAR = (1+ $\frac{APR}{m}$ ) ^m -1

EAR = 1+ $\frac{0.11035}{12}$ )^12 -1

EAR = 1.1161 -1

EAR = 0.1161 or 11.61%

8 0

3 years ago

A(n) ________ is a brand that is developed by a national brand vendor, often in conjunction with a retailer, and is sold exclusi

jenyasd209 [6]

This is known as an exclusive brand, because the retailer is the only company that has access to selling it.

4 0

3 years ago

Nunavet Ocean Cruises sold an issue of 12-year $1,000 par bonds to build new ships. The bonds pay 4.85% interest, semi-annuall

frez [133]

Answer:

bond market value $660

Explanation:

We need to calculate the present value of the maturity and the cuopon payment using the effective rate of 9.7%

First we do the annuity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 24.25 (1,000 face value x 4.85 bond rate / 2 )

time 24.00 (12 year 2 payment a year)

rate 0.04850 (current rate divide by 2 to get it annually)

$24.25 \times \frac{1-(1+0.0485)^{-24} }{0.0485} = PV\\$

PV $339.55

Then present value of the maturity

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00 the face value of the bond

time 24.00

rate 0.04850

$\frac{1000}{(1 + 0.0485)^{24} } = PV$

PV 320.89

Finally we add them together:

PV coupon payment $339.5545

PV maturity $320.8910

Total $660.4455

rounding to nearest dollar

bond market value $660

7 0

3 years ago

A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: (3 points)

Lostsunrise [7]

Answer:

Particulars Amount

Provision for uncollectible $6,080 ($76000*8%)

Less: Provision already made $1,000

Provision to be made $5,080

Date Particulars Debit Credit

31-Dec Bad Debts $5,080

To Allowance for Doubtful Accounts $5,080

(Being the adjusting entry to estimate bad debts)

4 0

3 years ago