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GrogVix [38]
3 years ago
13

What is true about credit unions?

Business
2 answers:
Vesnalui [34]3 years ago
8 0
<span>All of the above are true.</span>
Alexandra [31]3 years ago
6 0

Answer: All of the above are true.

Explanation:

Credit unions refer to a financial institution owned by a group of people who are connected by common bond in order to provide traditional banking system. They offer savings account and are established to promote the well-being of their members. The profits generated by them are given back to the members in the form of reduced fees, higher savings rates and lower loan rates. The money saved in the savings account is used for providing loans to other members. The interest which they charge on loans to members is used to generate income for the credit union.

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b. $5,360

Explanation:

Using a financial calculator with CF function, find the Net present value (NPV) of this projects cashflows;

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Yr 3 cash inflow; C03 = 8,000

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Therefore, the NPV will be closest to $5,360

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The most that can be lose on this position will be the addition of the call premium and the put premium. This will be:

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3 years ago
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