Answer:
some numbers are missing, so I looked for similar questions:
"Tuition of $1044 will be due when the spring term begins in 7 months. What amount should a student deposit today, at 7.62% to have enough to pay the tuition?"
we can use the present value formula to solve this:
present value = future value / (1 + r)ⁿ
- future value = $1,044
- n = 7
- r = 7.62% / 12 = 0.635%
present value = $1,044 / (1 + 0.00635)⁷ = $1,044 / 1.045305791 = $998.75
if the numbers are not the same, just adjust the formula inputting the correct numbers, but the procedure should be the same.
Answer:
C. $4,500
Explanation:
The computation of the depreciation expense using the straight-line method is shown below:
= (Cost - residual value) ÷ Useful life of the asset
= $24,000 ÷ 48 months
= $500
Now for 9 months, it is
= $500 × 9 months
= $4,500
Hence, the depreciation expense is $4,500
Therefore the correct option is c. $4,500
Answer:
B. Real wages for university employees will rise.
Explanation:
Increase in income is @ 5%, and that the actual inflation is only 4% that is less than the increase in income. Accordingly, the company is paying more to the employees, and accordingly their wages have increased.
The amount of money available in real terms is more than the actual money, held by the employees earlier.
This is all because the actual increase in inflation rate is less than the increase in salary of employees.
The implicit interest based on the information given is $165.
<h3>How to calculate the interest?</h3>
It should be noted that the implicit interest is calculated as:
= Inventory worth × Discount rate
= $16500 × 1%
= $165
Therefore, the implicit interest based on the information given is $165.
Learn more about interest on:
brainly.com/question/24080432
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Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 21 years Coupon rate: 9 percent Semiannual payments Calculate the price of this bond if the YTM is 6% (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
Answer:
Price of bond = $982.63
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).
</em>
Value of Bond = PV of interest + PV of RV
The value of bond for Microhard can be worked out as follows:
Step 1
PV of interest payments
Semi annul interest payment
= 9% × 1000 × 1/2
= 45
Semi-annual yield = 6%/2 = 3
% per six months
Total period to maturity (in months)
= (2 × 21) = 42 periods
PV of interest =
45 × (1- (1+0.03)^(-21)/0.03)= 693.6
Step 2
PV of Redemption Value
= 1000 × (1.03)^(-21×2)
=288.95
Price of bond
= 693.6 + 288.95
=982.63
Price of bond = $982.63