Answer:
Executive summary
Explanation:
It provides information about the business's purpose.
Answer:
The size of the fund at the end of 7 years is $483.110
Explanation:
Number of quarters = 4
We are given that the nominal rate of discount convertible quarterly is 4/41
Discount rate in each quarter =
Let A is the value after discount and X is the original value:
Now To calculate the value after 7 years we need to multiply each value by the interest raised to the correct power.
A=483.110
Hence the size of the fund at the end of 7 years is $483.110
Answer:
since there is not enough room here, I prepared two amortization schedules on an excel spreadsheet and I attached them
Explanation:
in order to determine the monthly payment, we can use the formula to calculate present value of an annuity:
PV = annuity payment x annuity factor
annuity payment = PV / annuity factor
- PV = $300,000
- annuity factor for 2.2% / 12 = 0.18333% and 180 periods = 153.1964438
I used an annuity calculator to determine the annuity factor
annuity payment = $300,000 / 153.1964438 = $1,958.27
we use the same formulas for the second question:
PV = annuity payment x annuity factor
annuity payment = PV / annuity factor
- PV = $300,000
- annuity factor for 2.7% / 12 = 0.225% and 360 periods = 246.54977
I used an annuity calculator to determine the annuity factor
annuity payment = $300,000 / 246.54977 = $1,216.79
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Answer:
The answer will no D .All of the above .
Answer:
35%
Explanation:
Accounting rate of return =Average annual net income*100/Average investment
Average investment = (500000+10000/2) = 255000
Accounting rate of return = 175000*100/255000 = 68.63%
Accounting rate of return = 175000*100/500000 = 35%
