Answer:
The answer is True.
Explanation:
A decision tree, usually, always begins with a single node and then branches into possible outcomes. Each of these results creates additional nodes, which branch into other established possibilities. This gives a shape similar to that of a tree.
Answer:
$297
Explanation:
We are to find the simple interest received by each of Michael and John after 1 year on $11000 at their respective rate of interest, then subtract the bigger from the smaller, the difference is the answer.
Simple Interest = PxRxT
P = Principal
R = Rate
T = Time
Michael
P = $11,000
R = 3%
T = 1 Year
Simple Interest = $11000 x 3% x 1
= $11000 x 0.03
= $330
That is Michael will receive an interest of $330 after 1 year
John
P = $11000
R = 5.7%
T = 1 Year
Simple Interest = $11000 x 5.7% x 1
= $11000 x 0.057
= $627
This means John will receive an interest of $627
Therefore, John will receive $627 - $330 = $297 more than Michael
Answer:
Quarterly deposit= $1,912.17
Explanation:
Giving the following information:
The van he is looking to buy in costs $33,000.
Interest rae= 4% per year compounded quarterly
Number of years= 4 years
First, we need to calculate the real interest rate:
Interest rate= 0.04/4= 0.01 per quarter
Now, to calculate the quarterly deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (33,000*0.01) / [(1.01^16)-1]
A= $1,912.17
Answer:
1) To insure income is sufficient to pay debts
2) To insure the ability to save
3) To be prepared for emergencies
Explanation:
Answer:
share price 69.108
Explanation:
We have to calculate the present value of the dividends like it was an annuity using the required return.
PV 69.108
the gordon dividend growth model doesn't apply becasue the dividend will cease to exist, there is no infinite future dividend to calculate the present value using that method.