Answer:
$1,839.45
Explanation:
PV = P * [1-(1+r)^-n / r]
n = 30*12=360 months, r = 6.37%/12 = 0.5308% (monthly)
295,000 = P*[1 - (1+0.005308)^-360 / 0.005308}
295,000 = P * $160.3739
P = $295,000 / $160.3739
P = $1,839.45
So, the monthly mortgage payments is $1,839.45.
Answer:
I would pay up to 81.52 dollars for the share that way I will get a 12% return at least
Explanation:
We need to calcualte the present value of the cash flow of each year using the formula for present value of a lump sum:
Dividends Present Value
1st year 3.00 2.678571429 *1
2nd year 4.25 3.38807398 *2
3rd year 106.00* 75.44870627 *3
<em>Value of the share at 12% discount rate 81.51535168</em>
*100 dollars from the sale plus 6 dollars of dividends
*1
Div: 3.00
time: 1
rate: 0.12
PV 2.678571429
*2
Dividends 4.25
time 2.00
rate 0.12000
PV 3.3881
*3
Maturity 106.00
time 3.00
rate 0.12000
PV 75.4487
Answer:Distinguished Level of Achievement is when students complete the foundation plan with endorsement (26 credits) and their course work includes Algebra II as one of the math courses.
Explanation: sorry if its wrong