Answer:
The correct answer is option D,19.
Explanation:
In calculating the above,two steps are involved-calculation of future value of $10000 invested at 6% for three years and calculation of number of years it would take to draw down the future value to less than $1000 by withdrawing $1000 every year beginning from year 3.
Using financial calculator,FV=FV(rate,nper,,-pv)
Please note negative in pv and the two commas
Rate=6%,nper=3 years and pv=$10000
Besides, the number of years was calculated using nper formula,which is given as:nper(rate,-pmt,pv,,1)
Find all calculations in the attached while also paying attention to the formulas.
discount; 2.73
premium; 2.73
discount; 3.65
premium; 3.65
The forward rate on British pounds exhibits a premium of 2.73 percent.Answer: Option 2.
<u>Explanation:</u>
An interest rate is the percentage of principal charged by the bank for the utilization of its cash. The chief is the measure of cash advanced. Since banks acquire cash from you (as stores), they additionally pay you a loan fee on your cash.
The nominal interest rate is the rate of interest with no alteration for inflation. For instance, assume somebody stores $100 with a bank for 1 year, and they get enthusiasm of $10 (before charge), so toward the year's end, their parity is $110 (before charge).
Some of the features of the alternative financial products
are the following;
-
The AFS was able to provide a microfinance form
-
The AFS also provides services financially
-
The AFS’ Services in their finance are from non-bank
final institutions
Answer:
Exclusive distribution
Explanation:
Few companies and organisation just use exclusive restaurants to sell their products and services. Exclusive restaurants mean only some recognised and authorised franchises can sell a product and no local dealers are authorised. Similarly, jade wants to buy jaguar and the only deal is 200 miles away which means that jaguar utilises exclusive distribution of its vehicles.
The division of household chores in Jason's home is a simple example of departmentalization. A group of people within a unit is given task that is dissimilar to those given to another group. A certain group has a head and some subordinates or support system.