Answer:
Explanation:
Present value of note = Annual payment x present value annuity factor
Annual payment = 8,400
PVAF = 4,7665
= $ 8,400 x 4.7665
= $ 40,038.60
So, the present value of note is $ 40,038.60
<span>n/2 = average number of items to search.
Or more precisely (n+1)/2
I could just assert that the answer is n/2, but instead I'll prove it. Since each item has the same probability of being searched for, I'll simulate performing n searches on a list of n items and then calculate the average length of the searches. So I'll have 1 search with a length of 1, another search looks at 2, next search is 3, and so forth and so on until I have the nth search looking at n items. The total number of items looked at for those n searches will be:
1 + 2 + 3 + 4 + ... + n
Now if you want to find the sum of numbers from 1 to n, the formula turns out to be n(n+1)/2
And of course, the average will be that sum divided by n. So we have (n(n+1)/2)/n = (n+1)/2 = n/2 + 1/2
Most people will ignore that constant figure of 1/2 and simply say that if you're doing a linear search of an unsorted list, on average, you'll have to look at half of the list.</span>
Answer:
Explanation:
D0 = $1.88
D1 = 1.88*1.25 = $2.35
D2 = 2.35*1.25 = $2.94
D3 = 2.94*1.25 = $3.67
PV of Dividends:
r = 12%
1/(1.12) = 0.89
PV of D1 = 2.35/0.89 = $2.64
PV of D2 = 2.94/0.797 = $3.69
PV of D3 = 3.67/0.71 = $5.17
Total PV = $11.5
Value after year 3:
(D3*Growth rate)/(Required rate - growth rate) = $3.67*1.06/(0.12-0.06) = $64.8
Pv of 64.8 is 64.8/(1.12)^3 = $46.3
So, the maximum price per share is 11.5+46.3 = $57.8
Answer:
There are four major OMEs manufacturer trucks for the North American market
