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Elza [17]
4 years ago
13

31) Owen expects to receive $30,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 8.2%

, how much money can he borrow from the bank on the basis of this information? A) $2460 B) $13,863 C) $27,726 D) $32,460
Business
1 answer:
snow_lady [41]4 years ago
4 0

Answer:

c. $27,726

Explanation:

The money he can borrow using this information is

=30,000 /( 1+8.2%)

=30,000 / (1+0.082)

=30,000 / 1.082

=27726.432

=$27,726

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The answer is d. If he is addressing it publicly. ?
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3 years ago
Beyond just money, the economy is about Question 10 options: the people who are most important to an individual's sense of self.
Sphinxa [80]

The economy is about "the production, distribution, and consumption of goods and services" also along with money.

The key components of the economy are:

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  3. Consumption.

These three elements drive the flow of money within an economy. Let's see:

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  • This stage is followed by <u>the distribution of these goods across different regions</u> and areas.
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Therefore, <u>option B</u> states a true claim about the elements of an economy.

Learn more about 'Economy' here: brainly.com/question/2421251

8 0
3 years ago
Driscoll Company is considering investing in a new project. The project will need an initial investment of $2,400,000 and will g
leva [86]

Answer:

IRR= 23.375%

Explanation:

Given: Cash flow= $1,200,000

           Initial investment= $2400000

Lets first compute IRR for Project, assuming rate of return at 23.375% or 0.233.

Formula: NPV= \frac{cash\ flow}{(1+r)^{n} } -initital\ investment

NPV= \frac{\$ 1,200,000}{(1+0.23375)^{1} }+\frac{\$ 1,200,000}{(1+0.23375)^{2}}+\frac{\$ 1,200,000}{(1+0.23375)^{3}} -\$ 2400000

NPV has to be equal to zero to know if IRR is correct to find if project worth enough to invest.

⇒NPV= \frac{\$ 1,200,000}{1.23375 }+\frac{\$ 1,200,000}{1.5221}+\frac{\$ 1,200,000}{1.8779390} -\$ 2400000

⇒NPV= 972644.37+788364.23+638998.36 -\$ 2400000

⇒ NPV= \$ 2400000  -\$ 2400000

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Hence, 23.375% is the IRR for the project.

6 0
4 years ago
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erma4kov [3.2K]

Answer:

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3 0
3 years ago
The manager who provides overall guidance and leadership for the entire corporation is known as the ____ manager.
WITCHER [35]
<span>The manager who provides overall guidance and leadership for the entire corporation is known as the operations manager.

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