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VladimirAG [237]
3 years ago
6

You need to have $35,000 on hand to buy a new Lexus five years from today. To achieve that goal, you want to know how much you m

ust invest today in a certificate of deposit guaranteed to return you 3% per year. To help determine how much to investment today, you will use:(A) present value factors (B) annuity value factors(C) present value factors of an annuity(D) future value factors of an annuity
Business
1 answer:
Minchanka [31]3 years ago
4 0

Answer:

:(A) present value factors

Explanation:

Given that you  need to have $35,000 on hand to buy a new Lexus five years from today. To achieve that goal, you want to know how much you must invest today in a certificate of deposit guaranteed to return you 3% per year.

i.e. we have to calculate how much to invest when we want to have 35000 dollars on hand after 5 years from today.

Rate is given as 3% per year.

So we have to find the present value factor

The formula used is if P is to be invested

P(1.03)^t = 35000 $ assuming compound interest.

So P = 35000 (1.03)^(-t)

Thus we are calculating present value factor

Answer is

:(A) present value factors

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3 years ago
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A 15-year, annual coupon bond is priced at $984.56. The bond has a $1,000 face value and a yield to maturity of 6.5 percent. Wha
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Answer:

6.35%

Explanation:

you can use the yield to maturity formula to determine the coupon:

YTM = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]

0.065 = {coupon + [(1,000 - 984.56) / 15]} / [(1,000 + 984.56) / 2]

0.065 = {coupon + 1.029} / 992.28

64.4982 = coupon + 1.029

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3 years ago
A ________ is a performance appraisal method that provides feedback from a panel that typically includes superiors, peers, and s
liubo4ka [24]

Answer:

360-degree feedback system

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360-degree feedback system is a process through which feedback from an employee's subordinates, colleagues, and supervisor(s), as well as a self-evaluation by the employee themselves is gathered.

3 0
4 years ago
Which of the following should be subtracted from net income in calculating net cash flow from operating activities using the ind
weqwewe [10]

Answer: increase in inventory

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4 0
3 years ago
Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $22, computed as fol
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Answer:

$ 2 per unit on average

Explanation:

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First step is to calculate the Relevant cost of making

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8 0
3 years ago
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