It is a period of time that the loaning company gives you before you have to start repaying the debt.
For instance: After graduating from college, you must start the payments to pay back your loan 3 months after graduation.
Answer:
it will pay an amount of $21107986.18
Explanation:
firstly we will be using the present value annuity formula to calculate how much will the first payment be for the annuity as there will be 30 annual payments of the lotto amount so :
Given $365000000 which is the present value of the annuity Pv.
Interest that will be gained from saving the money which is 4% per annual (i)
now we also have 30 annual payments which is our n
we are looking to find C the monthly payments .
we will now substitute these values to the formula which follows and solve for C:
Pv = C[(1-(1+i)^-n)/i]
365000000 = C[(1-(1+4%)^-30)/4%] then we divide both sides with what multiplies C
$365000000/ [(1-(1+4%)^-30)/4%] = C
$21107986.18 = C
This is the first payment that the power ball winner will get.
Answer:
b. the par value of all capital stock issued.
Explanation:
As per the business format, capital of a company is the value of share capital.
Now, also legal capital means the share capital issued as this reflects the legal share of individual investors in the company.
Authorized capital is the value of maximum capital that can be issued by the company in the form of equity shares.
Issued capital is that part of authorized capital that is actually issued.
And therefore, the par value that is the face value of shares issued, that is equity issued is the legal capital of the company.
Answer:
A
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Cash flow in year 0 = $-150,000
Cash flow each year from year 1 to 5 = $43,690
IRR = 14%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
