Answer:
C. he was happy to learn that he would be given a loan to cover all college expenses.
Explanation:
A student that is given a loan to cover college expenses have to go for entrance counselling in order to receive appropriate orientation and he will also have to sign promissory note that he will return the loan given.
you too!
I don't really like valentines day, I'm probably just gonna hang out with my friend and play Minecraft ;-;
Answer:
Stock A = 0.3787
Stock B= 0.6212
Explanation:
The first step is to calculate the total value
= 145(47) + 130(86)
= 6,815 + 11,180
= $17,995
Therefore the portfolio weights of each stock can be calculated as follows
Stock A = 145(47)/17,995
= 6815/17,995
= 0.3787
Stock B = 130(86)/17,995
= 11,180/17,995
= 0.6212
Answer:
FV= $857,840.94
Explanation:
Giving the following information:
First investment:
Annual deposit= $5,000 per year
Interest rate= 10%
Number of years= 5
Second investment:
Number of years= 35
Interest rate= 10%
Lumpsum= first investment
First, we need to calculate the future value of the first investment. We will use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000*[(1.1^5) - 1]} / 0.10
FV= $30,525.5
Now, the future value of the second investment.
FV= PV*(1+i)^n
FV= 30,525.5*(1.1^35)
FV= $857,840.94