Answer:
the effective annual rate for Freda is 12.70%
Explanation:
<u>Freda investment</u>
500 shares x $ 35 each x 70% margin = 12,250
<u>Financing taken:</u>
500 shares x $ 35 each x 30% = 5,250
<u>Payment of the loan:</u>
principal x (1 + rate x time)
5,520 x ( 1 + (0.0475 + 0.02) x 8/12) = 5,483.67
<u>Holding return:</u>
(500 shares x 37.5 - 5,483.67)/12,250 - 1 = 0.0830
Then we calcualte the annual equivalent rate to the holding return:
effective rate = 12.70 percent
Answer:
obstacle course
Explanation:
An obstacle course helps your mind to focus on your project or activities and gets your thought process going.
Answer:
$12,556.37
Explanation:
Calculation to determine What is the future value
Using this formula
Future value = PV(1 + r)^n
Let plug in the formula
Future value = $3,100[1 + (.084/2)]^17(2)
Future value = $12,556.37
Therefore the future value is $12,556.37
A. “provides details about an investment offering”
Answer:
$247,000
Explanation:
Calculation to determine the total of Hunter Products' liabilities at the end of May
Total of Hunter Products' liabilities=(400,000-150,000) - 60,000 + 63,000
Total of Hunter Products' liabilities=250,000 - 60,000 + 63,000
Total of Hunter Products' liabilities=$247,000
Therefore the total of Hunter Products' liabilities at the end of May will be $247,000