Aggregate supply and demand pertains to how groups of people do business. On the order of Adam Smith's, "Wealth of Nations". Or macroeconomics. Microeconomics usually deal with individual entrepreneurs or small groups of individuals so is business on a much smaller scale.
Answer:
Option (d) $5,549.96
Explanation:
Data provided in the question:
Annual payments = $800
Time, n = 12 years
Discount rate, r = 7% = 0.07
Now,
PV2 = Annual payments × ((1 - (1 + r)⁻ⁿ)) ÷ r ) × (1 + r)
= $800 × ( (1 - ( 1 + 0.07)¹²)) ÷ 0.07) × (1 + 0.07)
PV2 = $6,354.15
Therefore,
Present value today = PV2 ÷ (1 + r )²
= $6,354.15 ÷ (1 + .07)²
or
= $5,549.96
Hence,
Option (d) $5,549.96
A financial statement audit is the examination of an entity's financial information and accompanying exposures by a liberated auditor.
<h3>What is the main objective of the audit of financial statements?</h3>
The purpose of an audit of financial statements is to enable the auditor to communicate an opinion on whether the financial statements are prepared, in all material respects, by an applicable monetary reporting framework.
External auditors are accountable for auditing the company's financial statements and delivering reasonable assurance that they are presented fairly and following GAAP and that they recollect a true representation of the company's financial position and end of operations.
To learn about financial statements visit the link
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Answer:
18.81%
Explanation:
Current value of bond: $106.818
Face value: $2,000
coupon rate is 7.11%
tenor (n): 17 years
Current value of bond = Face value/(1+ YTM)^n
-> YTM = (Face value/Current value)^(1/n)-1
= (2000/106.818)^(1/17)-1 = 18.81%