What methods do stock analysts use to value an asset if they calculate profit minus the cost of capital?
1 answer:
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The Simple interest will be "$400".
Given values are:
- Principle, P = $500
- Interest rate, R = 10%
- Time, T = 8 months
As we know,
→
By substituting the values, we get
→
→
→ ($)
Thus the above response is correct.
Learn more about Simple interest here: