Answer:
$2,048,449.79
Explanation:
Given:
Periodic payment (PMT) = $10,000
Number of payment (n) = 10 year = 10 × 12 months = 120
Rate of interest (r) = 10% annual = 0.1 / 12 month = 0.00833 per month
Future value = ?
Computation of Future value:
![Future\ value = \frac{PMT[(1+r)^n-1]}{r} \\\\Future\ value = \frac{10,000[(1+0.00833333333)^{120}-1]}{0.00833333333} \\\\Future\ value = \frac{10,000[(1.00833333333)^{120}-1]}{0.00833333333} \\\\Future\ value = \frac{10,000[2.70704042-1]}{0.008333333} \\\\Future\ value = \frac{10,000[1.70704042]}{0.00833333333} \\\\Future\ value = \frac{17,070.4042}{0.00833333} \\\\Future\ value = 2,048,449.32 \\\\](https://tex.z-dn.net/?f=Future%5C%20value%20%3D%20%5Cfrac%7BPMT%5B%281%2Br%29%5En-1%5D%7D%7Br%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%20%5Cfrac%7B10%2C000%5B%281%2B0.00833333333%29%5E%7B120%7D-1%5D%7D%7B0.00833333333%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%20%5Cfrac%7B10%2C000%5B%281.00833333333%29%5E%7B120%7D-1%5D%7D%7B0.00833333333%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%20%5Cfrac%7B10%2C000%5B2.70704042-1%5D%7D%7B0.008333333%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%20%5Cfrac%7B10%2C000%5B1.70704042%5D%7D%7B0.00833333333%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%20%5Cfrac%7B17%2C070.4042%7D%7B0.00833333%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%202%2C048%2C449.32%20%5C%5C%5C%5C)
Future value = 2,048,449.32
Future value = 2,048,449.79 (Approx)
Answer:
The correct option is <u>a. 11.27%</u>.
Explanation:
Note: See the attached excel file for the computation of the e expected return on the portfolio.
The expected return on the portfolio is the addition of the products of weight of each asset in the portfolio and the expected return of each asset.
From the attached excel file, the expected return on the portfolio is <u>11.27%</u>. Therefore, the correct option is <u>a. 11.27%</u>.
Answer:
less of the good because substitutes have become relatively more expensive
This statement is false. It is difficult to find and train high quality personnel for DC operations.<span />
Answer:
d. positively to the nominal gross domestic product
Explanation:
The quantity theory of money :
M = (P x Y ) / V
Where m = quantity of money
P × Y = nominal GDP
V = velocity
Velocity is assumed to be constant in the short run. It is also believed that Y is constant in the short run. Therefore, movement in price level is determined by the quantity of money.
I hope my answer helps you.
