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Ganezh [65]
4 years ago
8

On January 1, 2021, Splash City issues $330,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and

December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $307,577.
Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021.

Business
1 answer:
Sholpan [36]4 years ago
3 0

Find the answer in attachment

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4 years ago
We can afford to make payments of $350 per month for four years. What is the largest amount of a loan we can get at an APR of 5%
Scilla [17]

Answer:

The correct option is a. $15,198.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value of the loan or the largest loan amount that can be gotten =?

P = Monthly payment = $350

r = Monthly interest rate = APR / 12 = 5% / 12 = 0.05 / 12 = 0.00416666666666667

n = number of months = 4 years * 12 months = 48

Substitute the values into equation (1) to have:

PV = $350 * ((1 - (1 / (1 + 0.00416666666666667))^48) / 0.00416666666666667)

PV = $350 * 43.4229559379367

PV = $15,198.0345782779

Rounding to a whole dollar amount, we have:

PV = $15,198

Therefore, the correct option is a. $15,198.

4 0
3 years ago
Suppose the price index was 110 in 2004, 120 in 2005, and 125 in 2006. Which of the following statements is correct? a. The econ
Rus_ich [418]

Answer:

Option (a) is correct.

Explanation:

Given that,

Price index in the year 2004 = 110

Price index in the year 2005 = 120

Price index in the year 2006 = 125

Inflation rate refers to the rate at which the prices of goods increases from one year to the other.

Consumer price index indicates the inflation in a particular year.

Inflation between 2004 and 2005:

= (Price index in the year 2005 - Price index in the year 2004) ÷ Price index in the year 2004

= (120 - 110) ÷ 110

= 10 ÷ 110

= 0.0909 or 9.09%

Inflation between 2005 and 2006:

= (Price index in the year 2006 - Price index in the year 2005) ÷ Price index in the year 2005

= (125 - 120) ÷ 120

= 5 ÷ 120

= 0.0417 or 4.17%

Therefore, the inflation between 2004 and 2005 is higher than the inflation between 2005 and 2006.

7 0
4 years ago
Click this link to view o*net’s work styles section for helpers—production workers. note that common work styles are listed towa
erastova [34]

Answer:

2,3,4,6 dependability, adaptability/felxibility, attention to detail, cooperation.

Explanation:

I did it and got it right

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2 years ago
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Imperfect competition is: A. a market structure with no more than one firm in the industry. B. an industry in which all firms ar
nekit [7.7K]

Answer:

The correct answer is letter "C": a market structure where firms have a degree of monopoly power.

Explanation:

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3 years ago
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