Answer:
$7,112.73
Explanation:
We can use the financial calcualtor and some formulas or use the easy way and use excel goal seek.
We contruct the table and find the value of the principal cell that makes the principal after 60 payment zero with payment of $1,000 decreasing 2% each month
the following is made:
A1 period
1 to 60
B1 couta
1,000 x (power(0.98;period cell)
C1 interest
previous principal x 9/1200
D1 amortization B1 - C1 that is installment less interest
E1 principal: previous principal - current period amortization
--loan schedule is attached to provide more help--
Answer:
It will take 14 years and 77 days to double the money.
Explanation:
Giving the following information:
Matt Wayne has $20,000 to invest and would like to double his money for the purchase of a new truck. The interest rate is 5 percent.
We need to find the number of years to achieve $40,000. We will use the following variation of the final value formula:
FV= PV*(1+i)^n
Isolating n:
n=[ln(FV/PV)]/ln(1+r)
n= [ln(40,000/20,000)]/ ln(1.05)= 14.21 years
To be more accurate:
0.21*365= 77
It will take 14 years and 77 days to double the money.
Answer:
B. 4 doz
Explanation:
"They" won't let you buy a fraction of a dozen, so you can afford to buy only 4 doz eggs.
Answer:
Financial partnerships
Explanation:
Hedge funds are financial partnerships that use pooled funds and employ different strategies to earn active returns for their investors. Hedge fund strategies include long-short equity, market neutral, volatility arbitrage, and merger arbitrage. They are generally only accessible to accredited investors.
Answer:
The contribution margin ratio will increase.
Explanation:
Giving the following information:
BrewCo sells coffeemakers for $120 each. The firm currently has variable costs per unit of $65. BrewCo can reduce its variable cost per unit to $58.
Contribution margin ratio= (selling price - unitary variable cost)/selling price
New Contribution margin ratio= (120 - 58)/120= 0.52
Old Contribution margin ratio= (120 - 65)/120= 0.46
