Answer:
What is the cost of borrowing?
The maximum amount participants may borrow from their plan is 50% of the vested account balance or $50,000, whichever is less. If the vested account balance is less than $10,000, you can still borrow up to $10,000.
Banks get money to lend to borrowers from other people that keep their money in the bank. Its called trustfund.
Answer
Thank you!!!
Explanation
Feedback gives somebody another point of view other than there own allowing them to improve themselves
Answer:
Bond Price = $580.2640476 rounded off to $580.26
Explanation:
A zero coupon bond is a kind of bond that does not pay interest to the bond holder like other bonds. Instead it is offered at a discount price and pays the par value at maturity. The discount price is calculated using a certain rate which can also be called the implied interest rate on this zero coupon bond. The formula to calculate the price of the zero coupon bond is,
Bond Price = Par Value / (1 + r)^t
Where,
- r is the interest rate or the discount rate
- t is the number of periods to maturity
Bond Price = 1000 / (1+0.115)^5
Bond Price = $580.2640476 rounded off to $580.26
