Answer:
The size of the payment = $628.63
Explanation:
<em>An annuity is a series of equal payment or receipt occurring for certain number of period. </em>
The payment in question is an example of an annuity . We can work back the size of the payment using the present value of the ordinary annuity formula stated below
The Present Value of annuity = A × (1- (1+r)^(-n))/r
A- periodic cash flow,= ? r- monthly rate of interest - 4.25%/12= 0.354%
n- number of period- (71/4×12)= 87.
Let y represent the size of the payment, so we have
47,000 = y × ( 1-1.00354^(-87))/0.00354
47,000 = y× 74.76
y =47,000/74.7656= 628.63
The size of the payment = $628.63
I will recommend she invest the $45,000 in Certificate of deposit or Money market account.
It is widely known that a traditional bank’s savings account does not provides significant interest rate for deposit unlike other account which are meant from pure investment at long term.
A certificate of deposit are issued by bank to customer promising them a certain interest rate on their deposit with them.
A money market is also an method of investing in short term market and guarantees high interest rate on deposit.
Therefore, I will recommend she invest the $45,000 in Certificate of deposit or Money market account.
Learn more about this here
<em>brainly.com/question/18050668</em>
Answer:
Market sell order for 1,500 shares
Explanation:
The type of order that Marcos should place is Market sell order for 1,500 shares because he already owns 1,500 shares of the ABC stock in which the ABC stock shares was purchased at $44 per share.
Since the stock has been decreasing in value in which he wants to cut his losses now because the stock price may continue to decrease, the best thing for him to do is to use the Market sell order for the 1,500 shares in order to cut the losses that may arise and to avoid losing all the Total amount of the shares bought which is $66,000 ( 1,500 shares ×$44).
Dzongkha is the language Bhutan use
