Answer and Explanation:
The computation is shown below;
Given that,
Principal = P = $2000
As we know that
Future value (FV) = P × (1 + R)^n
here,
R = Rate of interest,
N = no of years
Now
A) N = 5, R = 5% = 0.05
FV = $2,000 × (1.05)^5
= $2,553
The Interest earned is
= $2,553 - $2,000
= $553
B) N = 10, R = 5% = 0.05
FV = $2,000 × (1.05)^10
= $3,258
The Interest earned is
= $3,258 - $2,000
= $1,258
C) N = 5, R = 10% = 0.10
FV = $2,000 × (1.10)^5
= $3,221
D) Option A
As in the part B the time period is 10 years as compared with the part A i.e. 5 years having the interest rate same
Also the cumulative interest would be greather than double as compared with part A
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Answer:
Option (B) If the market rate of interest is 10%, the bonds will issue at a discount
Explanation:
Interest rate risk is defined as the risk changing which, interest rates will affect bond prices. When current interest rates are greater than a bond's coupon rate, the bond will be sold below its face value at a discount. When interest rates are less than the coupon rate, the bond can be sold at a premium--higher than the face value.
Answer:
If by Dark Ages, we mean the Middle Ages, then, one can safely say that business did more to bring the dark ages to an end and restore the world to civilization and progress.
The Middle Ages represented a decline in several areas, especially trade, when compared with classical antiquity (Ancient Greece and Rome).
By the late Middle Ages, several cities, especially in Italy, had began to develop trade networks again, and a merchant class was emerging.
With time, more cities became trade hubs, and this prompted economic development. Businesses grew, science and technological progress increased, and in general terms, civilization advanced more quickly in a few centuries than in the past millenia.
