Answer:
Monthly deposit= $164.24
Explanation:
Giving the following information:
Future value= $1,000,000
Interest rate= 0.118/12= 0.00983
Number of periods= 35*12= 420 months
<u>To calculate the monthly deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,000,000*0.00983) / [(1.00983^420) - 1]
A= $164.24
Answer:
All answers except 2 and 3 can be treated as correct.
The main reason is that bothered of them involves getting loans and although federal loans may have relatively lower interest rates, still it would be difficult to manage once he is out of the college.
The other options provide wonderful opportunities to afford him his studies without getting into debt so matt should try one of those options.
Explanation:
It already does affect the workplace.
Answer:
The correct answer is C. 7.22 percent
Explanation:
To find the arithmetic risk premium for the 5 year period, the formula is
Average risk premium for the period = Sum of risk premium for each year / number of years = ∑ra(i) - rf(i) / n
ra = asset or investment return / 100
rf = risk free return / 100
Where i represents each year.
Sum of risk premium for each year = (0.187 - 0.052) + (0.058 - 0.034) + (0.079 - 0.028) + (0.108 - 0.034) + (0.116 - 0.039) = 0.361
Average risk premium = 0.361 / 5 = 0.0722 = 7.22 / 100 = 7.22 percent
Answer: Post conventional level
Explanation:
The Benjamin are at the post conventional level of the moral development as, the post conventional profound quality is the most worthy phase of profound quality in Kohl berg's model, where people have built up their very own arrangement of morals and ethics that they use to drive their conduct.
Post conventional level is the third and last degree of Kohl berg's ethical improvement scientific categorization where people enter the most abnormal amount of spirit advancement.
Therefore, post conventional level is the correct option.
