We are given with the data that the original cost of the car is $15000. However Alisha wants to pursue the whole payment for five years thus a 6 percent interest rate is given. The formula for finding the total cost is TC = 15000* (1+0.06)^5. The answer is $20,073.39
Answer:
n = 43.6673555
it will take 43.67 year to achice a real GDP of 98,000
Explanation:
we solve for time of a future lump-sum:
we use logarithmics properties:
PV 49,000
FV 98,000
rate 1.6%
n = 43.6673555
Answer:TRUE
Explanation:COERCIVE FORCE is a force applied to a person or a group of persons in order to make them carry out an involuntary action or actions. It is used by employers of labor in order to mandate their employees to carry out certain activities. All Employees are required by their employers to obey the rules and regulations guiding the establishment even when it is not based on the interest of the employees.
Answer:
The answer is $862.35
Explanation:
Explanation:
This is a semiannual paying coupon, meaning interest are paid twice in year.
N(Number of periods) = 30periods ( 15 years x 2)
I/Y(Yield to maturity) = 6 percent
PV(present value or market price) = ?
PMT( coupon payment) = $50
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 30; I/Y = 6; PMT = 50; FV= $1,000; CPT PV= -862.35
Therefore, the market price of the bond is $862.35.
