The two main purposes of a business plan are: a. to provide a document to keep employees focused and to seek outside funding. b.
1 answer:
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Answer:
It will take 50 months to complete the payment on his entire balance
Explanation:
We have to solve for n in an annuity:
C $20.00
time n
rate (0.1524 / 12 months per year) 0.00127
PV $969.1600
Now, we use logarithmics properties to get the answer:
[tex]-n= \frac{log0.93845834}{log(1+0.00127)
n = 50.044991
Answer:
The responses to the given choices can be defined as follows:
Explanation:
Assume is the investment. Each original Class A investment is of the net-front unburden. The portfolio will be worth four years from now:
You will place the total of on class B shares, but only
will be paid
at a rate of
and you'll pay a
back-end load charge if you sell for a four-year period.
After 4 years, your portfolio worth would be:
Their portfolio worth would be: after charging the backend load fee:
When the horizon is four years, class B shares are also the best option.
Class A shares would value from a 12-year time frame:
In this case, no back-end load is required for Class B securities as the horizon is larger than 5 years.
Its value of the class B shares, therefore, is as follows:
Class B shares aren't any longer a valid option in this, prolonged duration. Its impact on class B fees of cumulates over a period and eventually outweighs the
the burden of class A shareholders.