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dolphi86 [110]
3 years ago
7

If you can invest $1,000 today and it will grow to be worth $1,350 over the next 6 years, what is the compound annual return you

will earn on this investment?
Business
1 answer:
Roman55 [17]3 years ago
3 0

Answer:

5.13%

Explanation:

Given:

Worth of investment today (PV) = $1,000

Investment worth after 6 years (FV) = $1,350

Time period of investment (nper) = 6 Years

It is required to compute annual return (RATE). This can be computed using spreadsheet function =RATE(nper,-PV,FV).

Substituting the values, we get =RATE(6,-1000,1350)

                                                      = 5.13%

Present value is negative as it is a cash outflow.

Therefore, annual return is computes as 5.13%.

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3 years ago
Assume all items involve cash unless there is information to the contrary. (a) Purchase of equipment. choose the type of cash fl
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Answer: Please see answer in explanatory column

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What best explains the time value of money? the concept is another way to explain how inflation works. it just means that it's b
Mamont248 [21]
Time value of money <span>it's best to have money today, so it can be put to work sooner to make even more money. When you have money now, you can invest and start building </span>interest on it. The quicker you have money, the quicker you start to grow your money and the sooner it can double, triple etc. 
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Which of the following requirements must be met before a lender may begin the power of sale
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The lender must wait at least 15 days before receiving notice of a breach of the terms not being upheld and a mortgage default. This authority is frequently outlined in a clause in the mortgage contract between the lender and the borrower.

What is power?

The ability to exert authority, control, or influence over another person is referred to as having "power." Decision-making has benefited from the power.

According to the mortgage laws, a lender must wait at least 15 days before receiving notice that their mortgage has defaulted due to a breach of the terms. The mortgage contract between the lender and borrower often include a clause expressing this authority.

As a result, mortgage act as 15 days notice period, breach of contract and legal obligations.

Learn more about on power, here:

brainly.com/question/3586518

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1 year ago
Identity errors, incorrect account details, and fraudulent accounts are the most common credit report errors. What should you do
Lostsunrise [7]

Answer:

The correct answer is letter "A": You should dispute the error with a credit agency or with a bank/lender and locate any receipts or other written proof that the data is not correct.

Explanation:

It is important to review your credit report frequently to spot errors. In such cases, you must the corresponding financial institutions to make the corrections necessary. If proof is needed you should send it. The objective is to <em>keep your information as accurate as possible</em> so your credit rating can increase every year.

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