Answer: 2.70%
Explanation:
Proper question is;
Upstate bank is offering long-term certificates of deposit with a face value of $100,000. Bank customers can buy these CDs today for $67,000 and will receive the $100,000 in 15 years. What interest rate is the bank paying on these CDs.
The formula to calculate rate is;
= (Future Value / Present Value) ^ 1/15 - 1
= (100,000 / 67,000) ^ 1/15 - 1
= 0.0270581026212
= 2.70%
Can you dm me for the answer I’m not home rn I’m trying to help out a lot of people
Answer:
Focus heavily on personal selling.
Explanation:
Personal selling is a selling technique in which the salesperson meets the customer face to face, introduces the product, explains its use and characteristics extensively, and tries to close the sell by building rapport.
Because the product that Unis Technologies is promoting is complicated to use, and few people have the required knowledge, the company will have to focus on personal selling, otherwise, the potential customers will likely feel intimitaded and not buy the product.
Answer:
You Should invest
Explanation:
Let the IRR be x.
Now , Present Value of Cash Outflows=Present Value of Cash Inflows
103,000 =130,000/(1.0x)
Or x= 26.214%
Hence the IRR of this investment opportunity is 26.2% (approx)
Cost of Capital = 12%
The IRR rule says that one must accept. This is because the IRR is greater than the cost of capital.
Hence the correct answer is : should invest
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.