Given:
Principal amount = 5,000
interest rate = 6.25%
number of times the interest is compounded per year; 12 times, monthly
terms = number of years; 5 years, 60 months
A = P (1 + r/n)^nt
A = 5,000 (1 + .0625/12)^12*5
A = 5,000 (1 + 0.005)⁶⁰
A = 5,000 (1.35)
A = 6,750
6,750 / 60 months = 112.50 per month
The reason why a company would have to sell the stock that they have in the financial market would be in order to expand its business.
<h3>What is the meaning of stock?</h3>
This is the capital that a business would have raised based on the fact that they have issued shares in the financial market. The stock of a company is the shares that they have in the financial market.
By selling the stock, they would have more money that can be used to take care of the business especially when it comes to the expansion and the growth of the company.
Hence we can say that The reason why a company would have to sell the stock that they have in the financial market would be in order to expand its business.
Read more on company stock here:
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