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What is compound interest?
Compound interest, also known as interest on principal and interest, is the adding of interest to the principal amount of a loan or deposit. It occurs when interest is reinvested, or added to the loaned capital rather than paid out, or when the borrower is required to pay it, so that interest is generated the next period on the principal amount plus any accumulated interest. In finance and economics, compound interest is common.
In contrast to simple interest, which does not compound since past interest is not added to the principal for the current period, compound interest allows interest to build over time. The interest per period multiplied by the number of periods in a year yields the simple annual interest rate.
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Answer:
C. Quantitative.
Explanation:
Here in the question it is mentioned that the research type which is used at the time when the data is gathered from structured survey that response and are in the numerical so here the numerical means the data which can be count and we called as a quantitative
Therefore the option C is correct
hence, the same is to be considered
Answer:
NPV = 3,404.41
Explanation:
We will calculate the net present value doing:
<em>NPV = present value of the cash flow - investment</em>
Investment = 34,000
Now we need to discount each cash flow at the given rate.
<u>For that,</u> we will treat the cash flow as an annuity of 11,800 for 4 year at 10% rate:
C 11800
time 4
rate 0.1
PV $37,404.41
<em>NPV = present value of the cash flow - investment</em>
<em>NPV = 37,404.41 - 34,000 = 3,404.41</em>
Answer:
If a person sold euro futures on <u>3/01</u> then he/she will post a profit on <u>3/02</u> :
Explanation:
Date 3/01 3/02 3/03 3/04
Euro Spot Price $1.1585 $1.1589 $1.1584 $1.1593
July euro Futures Contract Price <u>$1.1850</u> <u>$1.1812</u> $1.1823 $1.1820
On March 1, the price of the euro futures contract was $1.1850 per euro, which means that a €1,000 contract is worth $1,185.50. On March 2, the euro futures contract was worth less, only $1.1812 per euro, that means that a €1,000 contract is worth $1,181.20. So you could have earned $1,185.50 - $1,181.20 = $4.30 per contract. It doesn't seem much, but it represents a 0.36% gain in one day.