Answer:
$12,197
Explanation:
I guess that the correct numbers are because otherwise it would be a ridiculously large number:
- n = 6 years or 24 quarters
- principal = $6,000
- interest rate = 3% quarterly
Future value = principal x (1 + interest rate)ⁿ = $6,000 x (1 + 3%)²⁴ = $6,000 x 1.03²⁴ = $6,000 x 2.0328 = $12,196.80 ≈ $12,197
Answer:
7.6%
Explanation:
In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below
Expected rate of return = Risk-free rate of return + Global Beta × (Global Market rate of return - Risk-free rate of return)
= 4% + 0.90 × (8% - 4%)
= 4% + 0.90 × 4%
= 4% + 3.6%
= 7.6%
The (Global Market rate of return - Risk-free rate of return) is also called global market risk premium
Answer:
Supply, interest
Explanation:
The money supply can be regarded as supply of all the currency as well as other liquid instruments in the economy of a particular country.
Money supply can be manipulated by central bank by influencing interest rates, as well as printing money. The federal reserve can also engage in open market operations which is the selling/buying security or bond of government. It should be noted that By manipulating the money supply the Federal reserve can change interest rates, thus encouraging or dicouraging additional investment.
express agency
Explanation:
Express agency means an actual agency created by written or oral agreement between the principal and the agent. Through this agreement the principal authorizes a person to act as the principal's agent. For example, a written listing agreement between a seller of real estate and broker is an express agency