Answer:
$ 358,063
Explanation:
Calculation for the amount that Ruby's IRA will be worth when she needs to start withdrawing money from it when she retires.
Ruby's IRA worth when she retires at age of 65
First step
Using this formula to find how many years until Ruby retires
Time period= Retired age (-) current age
Let plug in the formula
65-25=40 years
Second step is to find the future value of IRA when she retires
Using this formula
Future value of IRA when she retires
= Present value(1+r)t
Let plug in the formula
$ 11,400 (1+0.09) ^40
=$11,400 (1.09) ^40
=$ 11,400 (31.409)
= $ 358,063
Therefore the amout that Ruby's IRA will be worth when she needs to start withdrawing money from it when she retires will be $358,063
Automobile dealerships usually follow “product distribution franchises”
Product distribution franchises meaning: Distribution Franchise, these product-driven franchises are where the franchisee distributes the parent company products and some related services. The parent company provides the use of its branded trademark, but not typically an entire system for running a business.
Answer:
yes this very true bc as you get older the less opportunity's you get to things
Answer: C. expected change in the option premium for a small change in time to expiration
Explanation: The theta of an option is simply defined as the expected change in the option premium for a small change in time to expiration. When all other variables are kept constant, options generally will lose value the closer it gets to its maturity as such, theta of options measure the rate of decline or decay in the value of an option due to the passage of time (quantifies the risk that time poses to option buyers) and is expressed as a negative value.
Answer and Explanation:
The computation of the yield to maturity is as follows;
Given that
PMT = Coupon rate = $1,000 × 6% ÷ 2 = $30
Future value = $1,000
Present value = $1,000
NPER = 15 × 2 = 30 years
Since the bond sells at par so the present value would be equivalent to the future value
Also the coupon rate is equivalent to the yield to maturity i.e. 6%
So this is neither a premium nor a discount bond as the coupon rate is equivalent to the yield to maturity
