Answer:
I will save $26,390
Explanation:
A fix Payment for a specified period of time is called annuity. The Compounding of these payment on a specified rate is known as Future value of annuity. In this question $1,175 per year payment for 15 years at 5.53% interest rate is also an annuity.
We can calculate the amount of saving by calculating the future value of the given annuity.
Formula for Future value of annuity is as follow
Future value of annuity = FV = P x ( [ 1 + r ]^n - 1 ) / r
Where
P = Annual payment = $1,175
r = rate of return = 5.53%
n = number of years = 15 years
Placing Value in the formula
Future value of annuity = FV = 1,175 x ( [ 1 + 5.53% ]^15 - 1 ) / 5.53%
Future value of annuity = FV = 1,175 x ( [ 1 + 0.0553 ]^15 - 1 ) / 0.0553
Future value of annuity = FV = $26,390
Answer:
The answer is D, hope this helped!
Explanation:
The answer is D because its a realistic thing to have bills and sometimes you have to take risks or youll have nothing. <3
Answer:
Call Value = $9.62
so correct option is d. $9.62
Explanation:
given data
stock price = $64
rate of return = 5%
exercise price = $55
expiration date = 73 days
put option price = $0.074
to find out
call value option should be worth
solution
we will apply here according to the Put Call Parity that is
Put Value + Stock Price = Call Value + [Exercise Price × ] ..........1
put here value we get
$0.074 + $64 = Call Value + [$55 × ]
solve it we get
Call Value = $9.62
so correct option is d. $9.62
The shareholders have the authority to remove a director in this scenario when only one member of the board of directors refuses to step down.
What is board of directors?
A board of directors, also known as the board or simply the board, is an executive committee that collectively oversees the operations of an organisation. This organisation may be for-profit or nonprofit, such as a <u>company, nonprofit, or government agency</u>.
Governmental regulations, including the corporate law of the applicable jurisdiction, as well as the organization's possess constitution and by-laws, set forth the rights, obligations, and obligations of a board of directors. These authorities may determine the number of board members, the process for selecting them, and the frequency of their meetings.
The full membership of an organisation that has voting members, who typically elect the board members, is responsible to and may be subordinate to the board in such an organisation.
Because In general, the sole authority to remove a director rests with the shareholders. A resolution to remove a director must be approved by a majority of shareholders at a special general meeting.
To learn more about board of directors
brainly.com/question/28201050
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