Answer:
8.99%
Explanation:
For this question we use the PMT function that is presented on the excel spreadsheet. Kindly find it below:
Given that,
Present value = $975
Future value = $1,000
Rate of interest = 9.25% ÷ 2 = 4.625%
NPER = 25 years × 2 = 50 years
The formula is shown below:
= PMT(Rate,NPER,-PV,FV,type)
The present value come in negative
So, after solving this, the PMT is $44.96
Now the annual PMT is
= $44.96 × 2
= $89.92
So, the coupon interest rate is
= $89.92 ÷ $1,000
= 8.99%
A 99% confidence level means that 95% of the intervals would include the parameter.
<u>Explanation:</u>
In statistics, a confidence level is one of the types of estimate that has been calculated from the statistics of the observed data. This shows and calculates a range of the values which are possible for an unknown parameter.
The interval has an associated confidence level with it that the true parameter is in the proposed range of the values which are possible for an unknown parameter. A 99% confidence interval will be wider than a 95% confidence interval because to be more confident that the true population value falls within the interval we will need to allow more potential values within the interval.
Answer:
a Coasian solution to an externality situation.
Explanation:
Basically. a Coasian solution to an externality situation occurs when the economic activities of one party results in a damage or cost to another party or their property. In this situation, the Coase Theorem which recommends two possible settlements may be applied. The first settlement is for the party causing the damage or imposing the cost to choose to give financial compensation to the affected party so that he can continue to impose the cost or cause the damage. The second settlement is for the affected party to pay the party causing the damage or imposing the cost so that he can stop causing the damage or imposing the cost.
From the question, the affected person chose the second possible settlement by offering to pay the passenger in front of him to keep her from reclining her airplane seat. It is therefore an example of a Coasian solution to an externality situation.
Answer:
A
Explanation:
Should be A as your savings account will accrue interest and the stock market is volatile.
Answer:
$100 income, that added fees are only $600.