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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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6 0
3 years ago
You have a portfolio that is equally invested in Stock F with a beta of .91, Stock G with a beta of 1.33, and the risk-free asse
finlep [7]

Answer:

Portfolio beta =0.7467

Explanation:

Weight of each asset = 100% / 3 = 33.33%

Portfolio beta = Respective beta * Respective weight

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Portfolio beta =  0.746666666

Portfolio beta = 0.7467

Hence, the beta of the portfolio 0.7467.

6 0
4 years ago
You borrow $10,000 today at a nominal rate of 5%; inflation for the past 10 years has been exactly 2%. Today, inflation instantl
Tamiku [17]

Here is the answer choice to the question

a. the real rate of interest on your loan is 14%.

b. the real rate of interest on your loan was previously 10% and is now 35%.

c. the real rate of interest on your loan is now –2%.

d. you will pay the lender back exactly $9,500.

e. you will pay the lender back exactly $10,700

Answer:

C. the real interest rate on your loan is now -2%

Explanation:

The real interest rate of can be gotten by subtracting the nominal interest rate from the inflation rate from nominal interest rate

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Nominal interest rate= 5%

= 5 percent - 7 percent

= -2%

The real interest rate can be defined as the rate of interest an investor, saver or lender is going to receive after they have allowed for inflation.

6 0
3 years ago
Mae Refiners, Incorporated, processes sugar cane that it purchases from farmers. Sugar cane is processed in batches. A batch of
sergeinik [125]

Answer:

The financial advantage is $ 14 per batch

Explanation:

The computation of the financial advantage or disadvantage is as follows:

Particulars                                    Cane Fiber            Cane Juice      

Sales Value after further processing  $61                  $67  

Less:      

Costs of further processing                 $13                  $28        

Benefit of Further processing             $48                 $39        

Less : Sales value at split off point      $29                  $40        

Net advantage (disadvantage)             $19                  ($1)

Now        

Revenue          

Industrial Fiber $61        

Refined Sugar $67        

Total revenue  $128        

Less : Expenses          

Purchases from Framers $60        

Crushing Costs $13        

Processing fiber further $13        

processing juice further $28        

Total Expenses  $114        

Net profit from one batch $14        

Hence, The financial advantage is $ 14 per batch

3 0
3 years ago
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