Answer:
<u><em></em></u>
- <em>At the end of the first compounding period: </em><u>$1,050.00</u>
- <em>At the end of the second compounding period: </em><u>$1,102.50</u>
Explanation:
<u />
<u>1. First period:</u>
- <em>APR = 10%</em> = 0.1 compounded semi-annually.
- <em>Semi-annually compound interest</em>: 0.1 / 2 = 0.05
- Interest earned at the end of the first period: $1,000 × 0.05 = $50.00
- Amount in the accoun at the end of the first period:
$1,000.00 + $50.00 = $1,050.00
<u>2. Second period</u>
- Amount in the account beginning the second period: $1,050.00
- Semi-annually compound interest: 0.1 / 2 = 0.05
- Interest earned in the second period:
$1,050.00 × 0.05 = $50.00 = $52.50
- Amount in the account at the end of the second period:
$1,050.00 + $52.50 = $1,102.50
Answer:
9.35%
Explanation:
Annual coupon amount = Coupon rate × Fave value of bond = 7% × 1,000 = $70.
Expected current yield = Annual coupon amount ÷ Current market price per bond = $70 ÷ $749.04 = 0.0935, or 9.35%.
Therefore, the expected current yield for the next year on this bond issue is 9.35%.
<span>When you gave your friend a fifty-dollar bill for an iPod, you used money as a <u>medium of exchange.
</u><u />This is because you exchanged your money for an iPod.
</span>
Answer:
$260000
Explanation:
$280k purchase equiment >> Outflow of cash
$40,000>> Operative Cash >> Inflow Cash
$260k >> cash loan in order to achieve balance
------------------------------
$20000 >> Cash balance
Answer:
By completing form 8888 from tax application
Explanation:
When applying for tax refund, you can transfer your amount into 2 or 3 separate accounts. If you want to split your refund then you need to complete form 8888 and attach it with tax return. This form tells IRS, in which accounts and how much you want to deposit through refund.