<span>A _PROGRESSIVE TAX_ policy will cause a greater share of income to be collected from those with high incomes than from those with lower incomes.
</span><span>RESERVES are funds that the bank keeps on hand that are not loaned out or invested in bonds.
</span>
<span>The process of banks making loans in financial capital markets is intimately tied to the MAKING OF MONEY.
</span>
Answer:
3.5%
Explanation:
the yield to maturity of a zero coupon bond is calculated using the following formula:
YTM = (face value / current market value)¹/ⁿ - 1
YTM = ($100 / $70.89) ¹/¹⁰ - 1 = 3.5%
the way you can check if your calculations were correct is to find the future value of the bond using the YTM = $70.89 x (1 + 3.5)¹⁰ = $99.997 ≈ $100
BIOLOGY, BOTANY AND ENGLISH
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Answer:
The effective annual rate of interest is "10.38%".
Explanation:
The given values are:
Nominal annual interest rate,
Q = 10%
i.e.,
= 0.10
Quarterly compounding,
q = 4
Now,
The effective annual rate of interest will be:
= ![[{1 + (\frac{Q}{q} )}^q] - 1](https://tex.z-dn.net/?f=%5B%7B1%20%2B%20%28%5Cfrac%7BQ%7D%7Bq%7D%20%29%7D%5Eq%5D%20-%201)
On substituting the given values in the above formula, we get
= ![[{1 + (\frac{0.10}{4} )}^4] 1](https://tex.z-dn.net/?f=%5B%7B1%20%2B%20%28%5Cfrac%7B0.10%7D%7B4%7D%20%29%7D%5E4%5D%20%201)
= ![[(1 + 0.025)^4] - 1](https://tex.z-dn.net/?f=%5B%281%20%2B%200.025%29%5E4%5D%20-%201)
= 
= 
= 
On converting it into percentage, we get
= 
%
Answer:
Globalization has resulted in great opportunities for businesses from less developed countries to take a hold over the more and much bigger markets from all over the world. Hence, the business over there has the opportunity for better capital flow, human capital, technology, larger export, and low-cost imports, And since they export their products at lower rates, the developed countries import from them more goods and services to save capital.
However,
1. These products lack quality.
2, And they are more prone to defects as well as wear and tear, as a developed country's technology is far superior to those of developing countries. However, now the developing countries are picking up the speed, and coming up with better technology to match that of developed, because of better education facilities, and proper training.
Explanation:
Please check the answer.
