Answer:
IRR 6% for Jabob
His friend will need 12 years saving cash to obtain their collegue funds.
Explanation:
We will solve for the rate being the annuity of 3 payment of 800
and the present value 2,138.41
C 800
time 3
PV 2,138.41
rate ?
To solve we can use excel, a financial calculator or trial and error
For excel we will do the following:
write the list of cash through the loan life:
-2,138.41
+800
+800
+800
then we write in the empy cell
=IRR(
select the values and press enter
This will give the IRR which is 6%
For the second assignment:
we need to solve for time:
C 3,800
time n
rate 0.06
PV $31,897
We work out the formula:
Now we solve the right side and apply logarithmic properties
-n = -11.77128325
n = 11.77
It will take 12 years to obtain their target amount
Answer:
D). defaulted on the security agreement.
Explanation:
From the question we are informed about Hiram who is a debtor to Central Credit Union, a secured party. If Hiram fails to maintain insurance on the collateral, he has likely defaulted on the security agreement.
A security agreement as regards to the law of the United States, can be defined as contract which governs the relationship that exist between the parties that are involved in a kind of financial transaction that is been known as a secured transaction. It gives lender kind of security interest as regards to a specified asset/property which is has been pledged as collateral. Security agreements do compose of
covenants which states provisions for the advancement of funds as well as
repayment schedule and insurance requirements.
As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)
cross check if u have doubt it's correct..
Answer:
D. There will be a greater quantity of computer operating systems available in the market.
Explanation:
The only certain consecuence of more producers entering the market is that there will be a greater quantity of the good or service in the market.
From the price perspective: <u><em>product price tends to fall or rise. </em></u>
As more competitors enter a market the price of the <u><em>product tends to fall</em></u> because the producers will look for a cheaper price than the prices existent for computer operating in order to capture more clients. But at the same time the already stablished producers will look for differentiation factors and will<u><em> increase the price of the systems. </em></u>
Answer:
a positive incentive I think
Explanation:
