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3 years ago

Rebecca would like to set up an account to supplement her parents' retirement income for the next 15 years.

Business

1 answer:

vova2212 [387]3 years ago

5 0

Answer:

Explanation:

a.)

This is an annuity type of question. Using a financial calculator, input the following to find the PV of the Ordinary annuity;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,845.24

b.) This is an <em>Annuity Due </em>type of question since the recurring monthly payment occur at the beginning of the month.

Using a financial calculator, change the mode to "BEG" and input the following to find the PV of the annuity due;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,970.31

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Which of the following statements about the relationship between interest rates and bond prices is true? I) There is an inverse

BaLLatris [955]

Answer: A. I and IV only

Explanation:

The relationship between bond prices and interest is an inverse one. This is because bonds have fixed rates so when for instance interest rates increase, the fixed rate of bonds will become less attractive as people would want to make the higher interest. They will therefore demand less of bonds and the prices will drop. The reverse is true.

Also, long term bonds are more affected by interest rate changes then short term bonds. This is because, as they have a longer term till maturity, they will be even less attractive when interest rates rise.

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3 years ago

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Answer:

The answer is "Option 2".

Explanation:

please find the complete question in the attached file.

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2 years ago

Gabrielle does not want to work a nine-to-five job. Still, she has to work to support herself. She accepts a job as a restaurant

iren2701 [21]

Answer:

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2 years ago

Read 2 more answers

he following information was taken from the 2018 financial statements of Jenny Gardner Corporation: Inventory, January 1, 2018 $

Volgvan

Answer:

$770,000

Explanation:

Purchase = Ending inventory +Cost of goods sold- Beginning inventory Purchased

= $240,000+$800,000-$180,000= $860,000

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2 years ago

Which best explains why producers choose to specialize? choose two answers. to increase competition to gain a comparative advant

Svetradugi [14.3K]

The reasons why producers choose to specialize are:

to gain a comparative advantage
to increase efficiency.

<h3>What is specialization?</h3>

Specialization is when a producer concentrates on the production of some particular goods and services.

Advantages of specialisation

It increases economies of scale
It increases the efficiency of the producer

To learn more about comparative advantage, please check: brainly.com/question/25139916

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2 years ago