We are given
P = $15,000
i = 8% per year
n = 9 months
First we convert the interest to per month
i = 8%/12 = 0.67%
And we solve for the future worth of the note
F = P ( 1 + i)^n
F = 15000 ( 1 + 0.0067)^9
F = $15929.12
The value of the note is $15929.12<span />
Answer:
1 . b
2. 84.03 euro
3. 135.28 euros
4. 177.22 dollars
5. 0.77
6. 0.154
Explanation:
1. Dollar depreciated
2. 1 Euro = 1.19 dollars
So therefore
1 dollar = 1 euro/1.19
So 100 dollars = 100 * (1/1.19) = 84.03 Euro.
3. A = p * (1 + (r/n))^(nt)
Where p = principal = 84.03
A = accrued amount after maturity
r = rate = 10%
n = number of compounding = yearly = 1
t = time of maturity = 5
So therefore:
A = 84.03 (1 +0.1)^5
A = 135.28 Euro
4. Convert 135.28 euros to dollars after 5 years
Since 1 Euro = 1.31 dollars
So therefore 135.28Euro will be 1358.28 * 1.31 = 177.22 dollars
5 - (final value/initial value) - 1 )
Where final value = 177.22
Initial value = 100
So therefore [ (177.22/100) - 1] = 0.77
6 - average annual return = sum of earning after maturity / time of maturity
So therefore : 0.77/ 5 = 0.154
Answer:
Strategic alliance
Explanation:
A strategic alliance is a technique that is used by many companies to improve their market share in the economy and to expand in other cities and countries. It is an alliance that usually involves two companies designing projects with mutual understanding. In this scenario, Bon appetite group and Starbucks both are in a strategic alliance to run coffeehouse in Switzerland.
Answer:
4 years
Explanation:
Simple Interest is calculated using the formula below
I= P x r x t
Where I = Interest
p= principal
r= interest rate
t= time in years
In this case
I=81
p=450
r=4.5 % or 0.045
t=???
Therefore;
81= 450 x 0.045 x t
81=20.25t
t=81/20.25
t=4
It will take four years
Answer:
Assertive
Hope this helps ya out a lot fam!
~LoCoCoCo
