Answer:
a
Explanation:
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Answer:
Compounded annually:
24820 = x * (1.08^3) = 1.259712x
x = 24820/1.259712 = $19703
Compounded quarterly:
24820 = x*(1.02)^12 = 1.26824x
x = 24820/1.26824 = $19570
Explanation:
I hope you can understand better and no need for further explanation.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Money send to Ellen = $2163.15
Explanation:
Discount offered by the Ellen Co. = 1%
Owed amount = $2185
Since the amount is repaid within 15 days to the offer of a 1% discount will be applicable. So the Handler will send an amount that is 1% less than the actual amount.
Money send to Ellen = 2185 - (1% x 2185)
Money send to Ellen = $2163.15
Answer:
In this problem it is necessary to propose and solve the following system of equations:
0.15 X + 0.10 Y + 0.06 Z = 0.09 * 250,000 (1)
X + Y + Z = 250,000 (2)
Z = 2 ( X + Y ) (3)
Being the variables
X = $ invested in high-risk stocks
Y = $ invested in medium-risk stocks
Z = $ invested in low-risk stocks
Explanation:
Equation (1) tells us that the sum of the amounts invested in each type of action multiplied by its expected return, is equal to the return that is desired for the entire investment (9% of $ 250,000).
Equation (2) says that the sum of the investments must be equal to the money available to invest.
Equation (3) requires that money invested in low-risk shares (Z) be equal to twice the amount invested in the other two categories.
