Answer:
Federal Reserve will require Stephen to pay $7,280 in cash for this purchase
Explanation:
There is a legal requirement from the federal that for an investor to deposit 50% cash of the purchase of shares / securities value in the margin account. It is called the margin requirement.
Purchase Value = Number of shares x Price per share
Purchase Value = 700 shares x 20.8
Purchase Value = $14,560
Inityial Margin Requirement = $14,560 x 50% = $7,280
It is important to Learn, and Write down Results/Notes.
Answer:
30 months
Explanation:
expenses is 2000 and she wants to save for 6 months of them so 2000x6= 12000 10% of 4000 is 400 so we divide 400 into 12000 and get the awnser 30 months
Answer:
$12,884.78
Explanation:
The amount in Future for the dollar invested today is referred as the Future Value. We determine the Future Value by compounding the Principle amount using the effective interest rate.
We can simply calculate the Future Value using a Financial calculator as follows :
PV = $0
PMT = - $5,700
I = 10 %
P/YR = 12
N = 30 x 12 = 360
FV = ??
Therefore,
The Future Value (FV) will be $12,884.78
The Account balance will be $12,884.78 in 30 years.