Answer:
$255
Step-by-step explanation:
Using the information provided, in order to find Marco's starting balance we simply need to add all of his transaction costs together. Once we have this value we simply add it to his ending balance amount which will give us the total dollar value of his starting balance.
20 + 22 + 13 + 39 + 34 + 15 + 31 = 174
174 + 81 = $255
Finally, we can see that Marco's starting balance was a total of $255
Answer:
10
Step-by-step explanation:
find out f(2)
f(2)= (3×2×2) - 4= 8
then g(8) = 16 - 6= 10
Answer:
15.542%
Step-by-step explanation:
For uneven cash flows such as those in this problem, there is no formula for "internal rate of return" (IRR). It must be computed graphically or iteratively. Spreadsheets and financial calculators are equipped to do this calculation. Attached is the result of the calculation done by a graphing calculator.
The sum of "present value" of each of the cash flows is zero when the discount rate is the IRR.
You would round 762 to 800, then you would round 332 to 300. You would take those 2 numbers and put them in the questions and it should look like this:
800-300, then you would subtract
Good luck!
