Answer:
Today, the funder will invest 342,741.82 dollars
Explanation:
We invest on a lump sum of STRIPS which yield 6% with semiannual compounding.
Our target is 550,000 in eight years and each STRIPS is valued at 5,000
The STRIP is the coupon payment or maturity payment of a bond which sales like a zero coupon bond so we need to discount the 550,000 at the market rate to know the market price of the STRIPS:
Maturity $550,000
time 16.00 (8 years x 2 compounts per year)
rate 0.03 ( 6% annual divide into 2 to get semiannual rate)
PV 342,741.82
Answer:
$1,820,000
Explanation:
Calculation to determine at what amount did LeBron's Bookstores report the discontinued operations
Using this formula
Discontinued operations=Net sales-Cost of goods sold -operating expenses - Income tax expense -After taxes
Let plug in the formula
Discontinued operations= $ 14 million-$8 million-$3 million-$900,000-$280,000
Discontinued operations=$1,820,000
Therefore what amount did LeBron's Bookstores report the discontinued operations will be $1,820,000
<span>Poor housing market put home buyers in a financially unstable position because when the home value decreases, property taxes and insurance costs increases. Though the amount of the housing is at low cost, taxes and insurance companies get competitive and demanding resulting to inflation over the years.</span>
Confidence level and self esteem may go up
Explanation:
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