Answer:
F
Explanation:
No because at those formal period email wasn't created the formal mode of business communication was letter through the use of type writters
Answer:
In financial terms, Jerry is a shareholder of Elaine's ice cream business and George is a bondholder.
Explanation:
Jerry is entitled to 33.3% of Elaine's ice cream business profit, so he owns a share of the businesses profit.
Elaine has to pay George $700 in interest for the money he lent her, the $700 would be the coupon and $10,000 the bond value.
Answer:
![t\approx6\hspace{3}years](https://tex.z-dn.net/?f=t%5Capprox6%5Chspace%7B3%7Dyears)
Explanation:
When interest is compounded annually, we can use the following formula to calculate the amount in the account at the end of a given time period.:
![FV=PV(1+r)^t](https://tex.z-dn.net/?f=FV%3DPV%281%2Br%29%5Et)
Where:
![FV=Future\hspace{3}value=9140.20\\PV=Present\hspace{3}value=5000\\r=Interest\hspace{3}rate=11.2\%=0.112\\t=Time](https://tex.z-dn.net/?f=FV%3DFuture%5Chspace%7B3%7Dvalue%3D9140.20%5C%5CPV%3DPresent%5Chspace%7B3%7Dvalue%3D5000%5C%5Cr%3DInterest%5Chspace%7B3%7Drate%3D11.2%5C%25%3D0.112%5C%5Ct%3DTime)
Let's solve the previous equation for t:
Divide both sides by PV:
![\frac{FV}{PV} =\frac{PV}{PV} (1+r)^t\\\\\frac{FV}{PV} = (1+r)^t](https://tex.z-dn.net/?f=%5Cfrac%7BFV%7D%7BPV%7D%20%3D%5Cfrac%7BPV%7D%7BPV%7D%20%281%2Br%29%5Et%5C%5C%5C%5C%5Cfrac%7BFV%7D%7BPV%7D%20%3D%20%20%281%2Br%29%5Et)
Take the natural logarithm of both sides:
![log(\frac{FV}{PV}) = log( (1+r)^t)\\\\Use\hspace{3}the\hspace{3}identity\hspace{5}log(a^b)=b*log(a)\\\\log(\frac{FV}{PV}) =t* log(1+r)\\\\Divide\hspace{3}both\hspace{3}sides\hspace{3}by\hspace{3}log(1+r)\\\\t=\frac{log(\frac{FV}{PV})}{log(1+r)}](https://tex.z-dn.net/?f=log%28%5Cfrac%7BFV%7D%7BPV%7D%29%20%3D%20log%28%20%281%2Br%29%5Et%29%5C%5C%5C%5CUse%5Chspace%7B3%7Dthe%5Chspace%7B3%7Didentity%5Chspace%7B5%7Dlog%28a%5Eb%29%3Db%2Alog%28a%29%5C%5C%5C%5Clog%28%5Cfrac%7BFV%7D%7BPV%7D%29%20%3Dt%2A%20log%281%2Br%29%5C%5C%5C%5CDivide%5Chspace%7B3%7Dboth%5Chspace%7B3%7Dsides%5Chspace%7B3%7Dby%5Chspace%7B3%7Dlog%281%2Br%29%5C%5C%5C%5Ct%3D%5Cfrac%7Blog%28%5Cfrac%7BFV%7D%7BPV%7D%29%7D%7Blog%281%2Br%29%7D)
Replace the data provided by the problem:
![t=\frac{log(\frac{9140.20}{5000})}{log(1+0.112)}](https://tex.z-dn.net/?f=t%3D%5Cfrac%7Blog%28%5Cfrac%7B9140.20%7D%7B5000%7D%29%7D%7Blog%281%2B0.112%29%7D)
![t=5.682396777\approx 6\hspace{3}years](https://tex.z-dn.net/?f=t%3D5.682396777%5Capprox%206%5Chspace%7B3%7Dyears)
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