Answer: b. 3 years
Explanation:
Based on the future value of $3,246 and the annual payment of $1,000, one can guess that the number of payments (years) till the future value is reached will be 3 years.
Plug 3 years in to find out if you are right;
= Annuity * (( (1 + r)^n - 1) / r)
= 1,000 * (( ( 1 + 8%)³ - 1) / 8%)
= $3,246
<em>Answer is proven to be 3 years. </em>
Answer:
$11,769.07
Explanation:
Monthly payments=PMT(9%/12,360,-100000)=$804.62
Amount oustanding on Mar1,1993=FV(9%/12,1,0,-100000)=$100,750.00
Amount oustanding after 359th payment=FV(9%/12,359,804.62,-100750)=$11,769.07
Answer:
The correct answer is letter "A": knowing the history of exchange rate behavior.
Explanation:
Forecasting exchange rates can help minimize risks and maximize returns. Forecasting techniques include technical forecasting, fundamental forecasting, and a mixture of the two of them. Technical forecasting uses historical exchange rate data to "predict" future exchange rates. Fundamental forecasting uses fundamental relationships among economic variables -<em>interest rates, inflation, income, for instance</em>- and exchange rates.
Answer:
present worth = $7380
Explanation:
given data
initial cash flow = $23,000
geometric gradient = 2%
interest rate i = 10% per year
time period = 5 year
solution
we get here present worth cost that is
present worth = initial cash flow × ......................1
put here value and we get
present worth = $23,000 ×
present worth = $23,000 × 0.32087
present worth = $7380