Answer:
It will make annual deposits for $ 4,056.202
Explanation:
His goal is a future value of 1,000,000 in 35 years.
we will deduct from this the future value of his other investment:
<u>IRA</u>
Principal 6,960.00
time 35.00
rate 0.08300
Amount 113,397.95
<u>Market account</u>
Principal 4,310.00
time 35.00
rate 0.05250
Amount 25,837.53
<u>Proceeds required from the fund:</u>
1,000,000 - 113,397.95 - 25,837.53 = 860,764.52
Now we calculate the PMT:
PV $860,764.52
time 34 years
(we must notice it will beging this investment next year, so at 31 years old)
rate 0.0934
C $ 4,056.202
Answer: Norman has a good title to the car
Explanation:
Norman is the original owner of the car, the car was stolen from him, every other person only has a stolen car.
Answer:
31.47%
Explanation:
Total investment = 4000 + 3000 +9000 = $16,000
% of investment in A = 4000/16000 = 25%
% of investment in B = 3000/16000 = 18.75%
% of investment in Asset beta and risk-free asset = 100% - 25% -18.75% = 56.25%
Let the % of investment in asset with beta of 1.74 is A, % of investment in risk free asset is B.
We have the following simultaneous equations:
0.9 = (0.25 x 1.47) + (0.1875 x 0.54) + (A x 1.74) + (B x 0)
A+B = 56.25%
From the first equation, we get A = 24.78%
--> B = 56.25% - 24.78% = 31.47%
*** Note: Portfolio beta is the weighted sum of individual asset betas, according to the proportions of the investments in the portfolio
*** Note: Beta of risk free asset is 0
Answer: Sales promotion
Explanation: Sales promotions targeted at retailers and wholesale are called trade sales promotions. i think its right
