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krek1111 [17]
4 years ago
10

You have decided that you want to be a millionaire when you retire in 44 years. If you can earn an annual return of 11.14 percen

t, how much do you have to invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Investment $ What if you can earn an annual return of 5.57 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Investment $
Business
1 answer:
SpyIntel [72]4 years ago
3 0

Answer:

At 11.14% interest rate we need to invest    8,650.71  today

At 5.57% interest rate we need to invest 92,090.97 today

Explanation:

We will calculate the present value of 1,000,000 at 11.14% for 44 years

and at 5.57% for 44 years

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

Maturity   1,000,000.00

time   44 years

if rate = 11.4% =  0.114

\frac{1000000}{(1 + 0.114)^{44} } = PV  

PV   8,650.71

if rate = 5.57% = 0.0557

\frac{1000000}{(1 + 0.0557)^{44} } = PV  

PV   92,090.97

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All else constant, a bond will sell at _____ when the coupon rate is _____ the yield to maturity. Multiple Choice a premium; les
MakcuM [25]

Answer:

The correct answer is letter "D": discount; higher than.

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4 years ago
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den301095 [7]

Your résumé should be one-of-a-kind is True.

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<u>Explanation:</u>

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AveGali [126]

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3 years ago
A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 77 pounds of Kona coffee beans a
NARA [144]

Answer:

a. 464 beans

b. $464

Explanation:

a. The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

where,

Annual demand = 200 days × 77 pounds = 15,400

And, all other items values would remain the same

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3 years ago
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