Answer:
rate of 0.000171716533316905 = 0.017% daily
Explanation:
we need to solve for the rate of an annuity for 19 years with daily deposits of 75 dolllars to yield a principal of 1,000,000 dollars
365 days x 19 years = 6,935 days
we use goal seek on excel as follow:
on A1 we write 0.01 this will be a placeholder for the rate
then on A2 we write =FV(A1;6935;75)
then with goal seek we definethat we want A2 equal to 1,000,000 changing A1 (rate)
which give us:
0.000171717 = 0.017% per day to achieve the goal:
C 75
time 6935
rate 0.000171717
FV $999,999.9999
Higher because there is reduction in the list price of tickets for football games.
Stock a is $2000. Calculate 10.5% of $2000, which equals $210.
Stock b is $3000. Calculate 14.7% of $3000, which is $441.
The expected return on the portfolio is $210 + $441, which equals $651.
Answer:
positively.
Explanation:
The <u><em>correlation </em></u>between education and income is positive a more educated person will always have a better income than one that is not. But along the statistical distribution of this<u><em> correlation</em></u> there are people that <u><em>deviate </em></u>for the curve <u><em>(standar deviation)</em></u> and even though they are educated they do not earn as much money to others that have the same level of education.
Answer:
18.29%
Explanation:
Return on Equity is the net profit available for equity/ Total equity value.
Total equity = Total assets - Total debt
= $90 million - $55 million = $35 million
Earnings for equity = Annual sales 
net profit margin 4%
= $160 million 4% = 6.4 million
Therefore, return on equity = 
= 
Therefore, ROE = 18.29%
