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emmainna [20.7K]
3 years ago
11

You are considering investing in a European bank account that pays a nominal annual rate of 18%, compounded monthly.

Business
1 answer:
kumpel [21]3 years ago
6 0

Answer:

d. 38

Explanation:

This is an Annuity Due type of question. You get the hint from the statement "....$5,000 at the <u>beginning</u> of each month," In an Annuity due , the recurring payments occur at the beginning of the period i.e annually, quarterly or (monthly in this case)

So using a financial calculator on "BGN" mode

nominal rate of 18% is the I/Y. However, since it is monthly compounded, convert it to a monthly rate.

I/Y = 18%/12 = 1.5%

PMT; recurring cashflow = -5,000

FV; future value = 250,000

PV ;present value = 0 (note: in annuity, use 0 for the variable not given)

then CPT N = 37.16

Therefore, it will take approximately 38 months

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Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the cur
babunello [35]

Answer:

the no of days for personal use and rental use is 44 days and 58 days respectively

Explanation:

The computation of the no of days for personal use and rental use is as follows:

For personal use

= 22 + 10  + 8 + 4

= 44 days

And, for rental use it is equivalent to the given rented days i.e. 58 days

hence, the no of days for personal use and rental use is 44 days and 58 days respectively

5 0
3 years ago
1. What are the advantages of learning in a group​
larisa86 [58]

Peer learning

In group work, students will learn from their fellow students. Sometimes peers will be able to explain concepts or ideas to their fellow students better than a lecturer or teacher.

Improves critical thinking

During the group work process students will be expressing their opinions or ideas with the other students in the group providing feedback. This feedback to each student will include critique as well as the interpretation of the opinions or ideas expressed. The final piece of group work will be based on the total opinions and ideas discussed.

Enhances problem solving  

Each piece of group work provided for collaborative learning will require some problem solving. Every member in the group will need to help solve the problem in order to complete the task.

Improves communication skills  

Working in groups to learn will encourage people to improve their communication skills. They will need to learn how to communicate their opinions or ideas, how to listen to other people’s opinions or ideas and provide feedback.

Improves cultural awareness  

People from different backgrounds and cultures may have different ways to learn as well as different opinions or ideas than other people in the group. By working in groups, these differences will be highlighted and will improve people’s awareness.

6 0
3 years ago
How was our early atmosphere different from the one we have now​
mylen [45]
The atmosphere we enjoy today is radically different from the atmosphere that formed with the Earth billions of years ago. ... As the Earth cooled enough to form a solid crust (4.4 billion years ago), it was covered with active volcanos. These volcanos spewed out gasses, like water vapor, carbon dioxide and ammonia.
6 0
3 years ago
You should be prepared with all of the fallowing prior to looking at properties except
Digiron [165]

Answer:A. current and previous addresses

B.employment

C.personal references

D. no advance preparation

Explanation:

you should be prepared with all of the following prior to looking at properties except no advance preparation. This is the logical answer among the choices given. The correct option among all the options that are given in the question is the last option or option "D". I hope the answer helps you.

5 0
4 years ago
Read 2 more answers
The following data concerns a proposed equipment purchase: Cost$144,000 Salvage value$4,000 Estimated useful life 4years Annual
ycow [4]

Answer: $74,000

Explanation:

The Average Investment refers to the average cash invested into a particular project and is useful in calculating the rate of return. The simple formula is to add the beginning value of the asset to its ending value and divide this by 2.

The ending value in this case would be the salvage value;

Average Investment = \frac{Beginning Cost of Machine + Salvage Value}{2}

= \frac{144,000 + 4,000}{2}

= $74,000

8 0
3 years ago
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