Answer:
$1,331.96
Explanation:
Present value (PV) refers to today's worth of cash flows to be received at a future date. The formula for PV is given as follows:
PV = F ÷ (1 + r)^n ......................................... (1)
PV = present value = ?
F = Future amount or note amount = $1,500
r = interest rate = 4% annually = 0.04 annually
= (0.04 ÷ 2) semiannually = 0.02 semiannually
n = number of compounding period = 3 years
= (3 × 2) semiannually = 6 semiannually
Substituting the figures above into equation (1). we have:
PV = $1,500 ÷ (1 + 0.02)^6
= $1,500 ÷ (1.02)^6
= $1,500 ÷ 1.126162419264
= $1,331.96
Therefore, the present value of the note at 4% per year compounded semiannually is $1,331.96.
Answer:
rnal entries to record the following. (Credit account titles are automatically indented when the am
Explanation:
<span>1.4545
First we calculate the price change percentage
(2-1.9)/2 = -5%
Then the change in demand percentage:
(118-110)/110 = 7.27%
the absolute value of the elasticity coefficient is then:
|demand/price| = |.0727/-.05%| = | -1.4545| = 1.4545</span>
Answer:
I. Mature in one year or less.
Explanation:
Money market securities matures in one year or less. It is not assured that principal amount will be safe and government does not guarantee for these securities but they ensure through regulatory bodies that these securities must have a minimum credit rating to be traded in the market. So option I is correct.
Answer:
The total markdown dollars is $1,920
Explanation:
According to the given data 32 remaining blenders were marked down to $140 each.
Therefore, to calculate the total markdown dollars we would have to make the following calculation according to the given data:
the total markdown dollars=32*($200-$140)
the total markdown dollars=32*$60
the total markdown dollars=$1,920
The total markdown dollars is $1,920
