Answer:
d. synonyms for price.
Explanation:
All the stated items (attorney fees, entrance fees, train fares, and organisation dues) are all prices.
Price is the amount that is paid for a particular good or service performed.
When fixing a price usually there is an offer and acceptance of the amount to be paid for goods or services.
Also payment can be made upfront like the case of train fare. While in other instances payment may be deferred as is seen in attorney fees and organisation dues.
Price can also change when one party grants concession to the other, for example loan rebate where the debtor is given price relief.
Finance Charge = Balance x Interest rates
Since Philip has passed the full year since the initial credit, we use the full 19% for the calculation.
So, the finance charge is:
$ 2,000 x 19%
= $ 380
One good way is to do an online survey so you get the results intantly. the downside of online is that not every one knows that there is a survey. Hard copy surveys are also good, but the tend to get lost and cluttered. oh yeah, the more people take the survey, the more accurate it should be
Answer:
Explanation:
MIRR equation is given by :
[(FV +ve cashflow / PV -ve cashflow)^(1/n)] - 1
FV +ve cashflow = Future value of positive cashflow at reinvestment rate
PV - ve cashflow = Present value of negative cashflow at finance rate
n = number of periods
The Modified Internal Rate of Return is a devised modification for the Internal rate of return, IRR which gives rate of return on percentage and overcomes the limitations of the IRR formula.
Answer:
Nominal interest rate (n) = 10% = 0.10
Inflation rate (i) = -2% = -0.02
Real interest rate (r) = ?
Application of Fisher's Equation
(I + n) = (1 + r)(1 + i)
(1 + 0.10) = (1 + r)(1 + -0.02)
1.10 = (1 + r)(0.98)
<u>1.10</u> = 1 + r
0.98
1.1224 = 1 + r
1.1224 - 1 = r
r = 0.1224 = 12.24%
Jimmer's real income will change by 12.24% next year.
Explanation:
In the determination of the rate of change in real income, there is need to apply Fisher's equation. The nominal rate and inflation rate have been given, thus, we will make the real rate the subject of the formula.
