Answer:
$212.38
Explanation:
In this question, we use the PMT formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $24,000
Future value = $0
Rate of interest = 6.75% ÷ 12 months = 0.5625%
NPER = 15 years × 12 months = 180 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the answer would be $212.38
Answer:
Bachelor's degree in business management
Explanation:
Computer science and mathematics could help her while running the bakery, but won't be the most beneficial. Elementary education wouldn't really be at all helpful when running a business.
Sophia wants to run her own bakery, which is a business. Therefore, a bachelor's degree in business management will be the most helpful for Sophia.
Deposit (PV): $10,000
Years between the 18th month and the fifth year (n) = 3.5
(I)=7% yearly interest rate
Simple interest approach accumulated value equals P*(1+(i*n)).
=1000*(1+(7%*3.5))
=1245
Thus, the total value at the end of five years will be $1245.
Compound interest method accumulated value equals P*(1+i)n
=1000*(1+7%)^3.5
=1267.19
Therefore, the total value after five years will be $1267.19.
Learn more about simple interest here ;
brainly.com/question/25845758
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Answer:
Option (D) is correct.
Explanation:
Asymmetric information occurs in a situation in which one of the two parties involved in a particular transaction have more information than the other party. This problem mostly occurs in a health insurance market where the a person to be insured have more information about his health than the insurance company.
Asymmetric information will result in two problems are as follows:
(i) Adverse selection
(ii) Moral hazard
