Answer:
$1,017.33
Explanation:
For computing the bond price we have to use the PV function that is shown in the attached spreadsheet which is presented below:
Given that,
Future value or face value = $1,000
Market Rate of interest = 6%
NPER = 4 years
PMT = $1,000 × 6.5% = $65
The formula is shown below:
= PV(Rate,NPER,PMT,FV,type)
So, after solving this, the answer would be $1,017.33
<span>$104,500 * 0.04 = $4,180 - $665 = $3,515</span>
Answer:
$1,161.23
Explanation:
For computing the monthly payment we need to apply the PMT formula i.e to be shown in the attachment below:
Given that,
Present value = $99,000
Future value or Face value = $0
RATE = 3% ÷ 12 months = 0.25
NPER = 8 years × 12 months = 96 months
The formula is shown below:
= PMT(RATE;NPER;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the monthly payment is $1,161.23
Answer:
False
Explanation:
In a business report, the conclusions section explains what all the collected information means and summarizes the most important parts of the report.
While the recommendations section actually presents a list of suggestions and/or specific actions that should be taken.