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nika2105 [10]
4 years ago
6

When preparing for a business trip to China, Kaylee Putbrese determined she needed to bring $5,200. How much must she borrow for

a simple discount note at 6% for 45 days?
Business
2 answers:
Musya8 [376]4 years ago
5 0

Answer:

Explanation:

The question is confusing with regards to what exactly is being asked. it is not clear whether we should calculate the amount she must borrow now if she wants to pay $4500 in 45 days given a 6% note or How much would she pay in 45 days if she borrows $5200 today. I have provided solution for all scenarios.

Value = 4500

r = 0.06/365 = 0.00016484

n = 45 days

Let X be the the amount she must borrow now

Value = X(1 + rn)

4500 = X(1 + 0.00016484 x 45)

4500 = X(1.0074178)

X = 4500/1.0074178 = 4466.8379729

X = 4466.84.

if she wants to pay the exact $4500 she must borrow $4466.84 now

or if she wants to take $4500 she must invest $ 446.84 on a 6% note 45 days.

Future Value of 4500 in 45 days

Future Value = 4500(1 + 0.00016484 x 45) = 45333.3801

Future Value = 45333.38

she would need to pay $45333.38 in 45 days if she takes $4500 now for her trip

Sergeeva-Olga [200]4 years ago
3 0

Answer:

Borrowed amount = $5417

Explanation:

Discount note = 4%

This means that Kaylee has 100 - 4 = 96% of the borrowed amount at hand

Cash at hand = $5,200

Let the borrowed amount = X

Cash at hand = 96% of X

5200 = (96/100) * X

X = (5200 * 100)/96

X = $5417

Borrowed amount = $5417

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Pani-rosa [81]

Answer:

Misstatement of age

Explanation:

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6 0
3 years ago
Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2007. He received dividends per share of $1.37 (2007),
never [62]

Answer:

The IRR is 4.08%

Explanation:

In calculating the internal rate of return in excel,the cash outflow of $76.63 is shown in year 0 with a negative sign to indicate that it is the initial investment on the share, followed by dividends in received in later years shown as positive figures ,however in the fifth the dividend received and the cash received from disposing of the share were added together to show total cash inflow in the last year.

The computation of IRR is shown below

IRR for the share purchase  

 

Years Cash flow

0 -76.63

1 1.37

2 1.55

3 1.66

4 1.74

5 86.61  

IRR 4.08%

Find attached for detailed computation.

Download xlsx
4 0
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Methods that FNB can use to compete with other bankes in SA
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Suppose that the tuna industry is in long-run equilibrium at a price of $5 per can of tuna and a quantity of 350 million cans pe
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As a result the firms in short run will supply more and enjoy profits.

Since the firms were facing long run equilibrium and were enjoying zero profit, an increase in price will cause profit to firms.

Since in the short run firms can not enter or exit they will continue producing.  

In the long run attracted by the profit earned by existing firms, the new firms will enter the market till all the firms are having zero profits.

In the tuna industry the new firms will start production, so the industry supply will increase causing a rightward shift in the supply curve.

In the long run the shape of the supply curve of the industry will be horizontal.

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How many times is income from a c corporation taxed if a retirement fund is the owner of the corporation's' stock?
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<span>The income from a C corporation owned by a retirement fund is taxed twice: once at the corporate level and another time at the retirees' level. The retirement fund isn't taxed on the earnings received, but those earnings are taxed to the retirees when they receive the benefits.</span>
3 0
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