Answer: 18.92%
Explanation:
The formula to find the compound amount :-
, where P is the Principal amount, r is the rate of interest and t is the time period.
Given : P= $1500
A = $6000
Time = 8 years
Then 
i.e. 
i
Taking natural log on both sides , we get
Answer:
Explanation:
While buying a computer , the potential purpose and usage of the computer should as well as the component of the computer to buy should be considered in order to make a right selection .
As graphics designing software is processor intensive , a processor with a very high speed of at least 1 Ghz and an adequate RAM to aid faster process at once , minimum of 8Gb is required.
However , considering the function of a secretary which is to track billing and hours , a computer with a slower process will definitely perform the task
Answer:
$1,200
Explanation:
Given that
Purchase of a customer delivery van = $50,000
discount rate = 20%
Present value of future cost savings = $51,200
Yield = 20%
Based on the above information, as per the net present value the initial cost of the equipment should not be more than the present value of cash inflows i.e. $51,200
So the more than amount is
= $51,200 - $50,000
= $1,200
Answer:
A. 1 and 4 are true
Explanation:
Statement 1: When inflation goes up the market prices of goods increase and reduces buying power of customer. So, if you get $100 even after 5% inflation, you would get $95 worth good.
Statement 2: It is commonly known as, the higher the risk the higher the gain. So, risk premium and risk exhibited by security is directly related with each other.
Statement 3: Since, risk free rate is the compensation for time value of money, that is why it can’t make real risk-free rate negative because real risk rate is there, but inflation can go higher than risk free rate.
Statement 4: Maturity payment is paid to investors or savers after certain period of time along with principal amount.
Hence, A. 1 and 4 are true
Answer:
$4,100
Explanation:
In this question ,we apply the income statement equation
Opening stock + Purchase + Gross profit = Sales + Closing stock
$4,500 + $17,000 + $11,600 = $29,000 + Closing stock
$33,100 = $29,000 + Closing stock
So, the closing stock would be
= $33,100 - $29,000
= $4,100
The gross profit is computed below:
= Sales × gross profit percentage
= $29,000 × 40%
= $11,600
