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Mnenie [13.5K]
3 years ago
13

Assume that you are a retail customer. Use the information below to answer the following question. Bid Ask Borrowing Lending S0(

$/€) $1.42 = €1.00 $1.45 = €1.00 i$ 4.25% APR 4% APR F360($/€) $1.48 = €1.00 $1.50 = €1.00 i€ 3.10% APR 3% APR If you borrowed $1,000,000 for one year, how much money would you owe at maturity? A. $1,450,352 B. $1,042,500 C. € 1,024,500 D. $1,525,400
Business
1 answer:
Lunna [17]3 years ago
5 0

Answer:

$1,042,500.

Explanation:

From the question above, we are given the following parameters; under the bid, we have $1.42 = €1.00 and $1.48 = €1.00; the borrowing and lending are $ 4.25% and 4% APR respectively for S0($/€).

Also, for F360($/€), the bid and ask values are: $1.48 = €1.00 and $1.50 = €1.00 respectively; the borrowing and lending values are 3.10% APR and 3% APR.

Therefore, the Borrowing rate is ($) 4.25% in $ . Thus, $1,000,000 for one year, one we owe

$1,000,000 × (1 + 0.0425) = $1,042,500 at maturity.

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The separation of tasks inside any economic system or organization is known as the division of labor, allowing members to specialize  

People, groups, and nations are given or learn to acquire specialized talents, and they either join forces or trade to benefit from the additional powers of others.

Equipment, natural resources, talents, and training are all examples of specialized capabilities, and it's frequently crucial to have a combination of these assets working together.

For instance, a person can specialize by getting the right equipment and learning how to use it, just as a company might specialize by getting specialized machinery and employing or training expert personnel.

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1 year ago
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In a budgeting procedure called participatory budgeting, those in lower levels of management take part in the creation of the budget.

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Participatory budgeting undoubtedly provides a number of benefits, including goal congruence, fiscal responsibility, information sharing from inferior to superior, and greater subordinate work satisfaction.

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1 year ago
Managers are often evaluated by their employees. Employees who report to a manager are known as Blank______.
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I don't know I'm sorry

Explanation:

I just want points pls forgive me

5 0
2 years ago
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