Answer:
IRR 6% for Jabob
His friend will need 12 years saving cash to obtain their collegue funds.
Explanation:
We will solve for the rate being the annuity of 3 payment of 800
and the present value 2,138.41
C 800
time 3
PV 2,138.41
rate ?
To solve we can use excel, a financial calculator or trial and error
For excel we will do the following:
write the list of cash through the loan life:
-2,138.41
+800
+800
+800
then we write in the empy cell
=IRR(
select the values and press enter
This will give the IRR which is 6%
For the second assignment:
we need to solve for time:
C 3,800
time n
rate 0.06
PV $31,897
We work out the formula:
Now we solve the right side and apply logarithmic properties
-n = -11.77128325
n = 11.77
It will take 12 years to obtain their target amount
Answer: 10 months
Explanation:
It would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.
Here is how;
Doing it themselves would cost -
$250 - For a lawnmower
$135 - For an edger
$69 - For a hedge trimmer
$25 - For a rake
Summing these up gives $479
It would cost the Hendersons $479 to purchase equipments to carry out their monthly yard maintenance themselves.
On the other hand, if they were to hire a professional service, it would cost
• $75 for the first month and
• $45 for subsequent months
So, $45 * 9months = $405
$405 + $75 (for the initial month) = $480
Comparing the $480 for a professional to the $479 it would cost to purchase equipment and do it themselves, it would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.
Answer:
Realistic
Explanation:
The acronym "SMART" stands for Specific. Measurable, Achievable, Realistic and Timely. These are criteria that goal setting should adhere to, to ensure that the goal is achieved.
The criteria Realistic in "SMART" emphasizes that a goal that is been set should be realistic and achievable given the available resources and time.
The goal " I will triple sales in my territory by the end of the next fiscal year." is lacking the criteria of been realistic because it doesn't seem achievable within a fiscal year.
Answer:
D. broker
Explanation:
A broker is a person or a firm who organizes or arranges for financial transactions between two parties or more. A broker is an intermediary because they connect a willing seller to a willing buyer for a commission. Brokers do not take ownership of the products being transacted. They only create a link between buyers and sellers.
Erick is a broker. He acts on behalf of the retailer and connects them to the manufacturer.
For each willful violation $129,336 per violation
