Answer:
Results are below.
Explanation:
Giving the following information:
Monthly saving= $200
Future value= $9,384.44
Number of years= 3
<u>a) To calculate the Future Value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,400*[(1.11^3) - 1]} / 0.11
FV= $8,021.04
<u>b) To calculate the semiannual deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= semiannual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
i= 0.15/2= 0.075
n= 3*2= 6
A= (9,384.44*0.075) / [(1.075^6) - 1]
A= $1,295.47
<u>c)</u> i= 0.1375/4= 0.0344
n= 3*4= 12
A= (FV*i)/{[(1+i)^n]-1}
A= quarterly deposit
A= (9,384.44*0.0344) / [(1.0344^12) - 1]
A= $644.89
<u>d)</u> i= 0.115/12= 0.0096
n= 3*12= 36
A= (FV*i)/{[(1+i)^n]-1}
A= monthly deposit
A= (9,384.44*0.0096) / [(1.0096^36) - 1]
A= $219.46
<u>e)</u> i=0.0825/52= 0.0016
n= 3*52= 156
A= (FV*i)/{[(1+i)^n]-1}
A= weekly deposit
A= (9,384.44*0.0016) / [(1.0016^156) - 1]
A= $53.01
Answer:
Explanation:
Employers and employees split the tax. For both of them, the current Social Security and Medicare tax rates are 6.2% and 1.45%, respectively. So each party pays 7.65% of their income, for a total FICA contribution of 15.3%. To calculate your FICA tax burden, you can multiply your gross pay by 7.65%.
The statement above is TRUE. This is because, when the price of a commodity is set below the equilibrium price, the quantity demanded will exceed the quantity supplied. The rent control is meant to favour the consumers and because the price is now lower, the consumers will demand more while the supplier will supply less because their profits have been negatively affected.
Answer:
the delta of the corresponding put option is -0.6
Explanation:
Since it is given that that the delta of a call option is 0.4
So, the delta of the corresponding put option is
As we know that
Delta of the put option = Delta of a call option - 1
= 0.4 - 1
= -0.6
Hence, the delta of the corresponding put option is -0.6
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: Option (E)
Explanation:
Assurance engagement tends to refer or mean that an engagement, under which an individual or practitioner tends to express a conclusion, that is designed in order to enhance the level or degree of confidence of user or the intended user, apart from the responsible individual about the result or outcome of measurement or evaluation of the subject matter against the stated criteria.