Teagan wants to buy a new refrigerator. The refrigerator costs $1650. Teagan decides to finance the refrigerator for 24 months a
t an APR of 12.5%. Determine Teagan's monthly payment. Round your answer to the nearest cent, if necessary. Formulas
1 answer:
Answer:
$78.06
Explanation:
For computing the monthly payment we need to apply the PMT formula i.e. to be shown in the attachment below:
Given that,
Present value = $1,650
Future value or Face value = $0
RATE = 12.5% ÷ 12 = 1.0416%
NPER = 24 months
The formula is shown below:
= PMT(RATE;NPER;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the monthly payment is $78.06
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Answer and Explanation :
Few information is missing in the question kindly find the attachment
As per the data given in the question,
The formula and the computation is shown below
1) Book value per share = Equity applicable to share ÷ share outstanding
Apple Google
Equity common share a $134,047 $152,502
Common share outstanding b 5,126.201 694.783
Book value per common share a ÷ b $26.15 $219.50
2)Basic EPS = Net income ÷ weighted Avg common share outstanding
Apple Google
Net income a $48,351 $12,662
weighted Avg common share outstanding b 5217.242 693.049
Basic EPS a ÷ b $9.27 $18.27
3)Dividend yield = Cash dividend per common share ÷ Market price per share
Apple Google
Cash dividend per common share a 2.4 0
Market price per share b $154.12 $1046.4
Dividend yield a ÷ b 1.56% 0.00%
4) Price earning ratio = Market price per share ÷ Basic EPS
Apple Google
Market price per share a $154.12 $1046.4
Basic EPS b 9.26754 18.26999
Price earning ratio a ÷ b 16.63 57.27
5) A higher PE ration indicates that investors want to pay a higher share price because of growth expectation in near by future
Therefore Google has higher PE ratio
Hence, investors have greater expectation of performance of Google in future.
