Answer:
9.90%
Explanation:
The appropriate approach is to include the amount expected to kept in non-interest bearing account as part of the loan
total loan=$400,000/0.95= 421,052.63
Interest charge = 421,052.63*9%*6/12=$18,947.37
interest rate percentage=$18,947.37/$400,000=4.74%
Effective annual rate=(1+4.74%
/6)^12-1 =9.90%
By dividing by 6, the interest is expressed in monthly terms
By raising to the power of 12 , it is expressed in yearly terms
Answer:
Florida's natural is best priced per ounce
The next part is what you would prefer. I like me some Tropicana. Mainly because it's easy to come by. The price is fair, and the brand is pretty good.
Huey Long guaranteed a free training through school and benefits for the matured, which he can't do on the grounds that it is the administration's business to settle on these choices. He likewise he raised duties to make healing facilities to take into account poor people and enhance ignored streets and scaffolds inside the state
Answer:
Required rate of return is 14.99%
Explanation:
Given:
Price of stock (Po)= $23.57
Dividend (Do) = $2
Growth rate (g)= 6% or 0.06
Using dividend growth model to calculate required rate of return:
Substituting values in above formula, we get:
r = 
= 0.1499 or 14.99%
Therefore, required return of company's stock is 14.99%
I think it's a cashier's check...(Don't mark my words)
