Answer:
$4.945
Explanation:
According with the information, you should sum all the numbers mentioned, with the exception of the $.4050 of the (CD) and make another operation. The reason is the methodology of cash basis of accounting, with this type of methodology where you suppose that every income that you receive independently must be available immediately, in this case the $1,275 of car repair services, $3,570 of groceries, and the $100 were resources that you already used, it means that you make effective gross income of $4.945. Remain the $750 of the clothing that you still haven't used and the $4.050 of the certificate of deposit that will be effective (cash) the next year.
Which ability does the following ex represent? as financial planner, you advise people about where to invest their money. IM PRETTY SURE ITS SYSTEMATIC.
The dollar-weighted annual yield for this nine-month period is -2.7%.
<u>Solution:</u>
The investment of deposit on April 1 (Feb, March = 2 months)
The investment of deposit on May 1 (Feb, March, April = 3 months)
Therefore, Dollar-weighted annual yield for this nine-month period,
On plugging-in the values,
In percentage notation,
Answer:
Monthly deposit= $2,625.16
Explanation:
Giving the following information:
Total cost= 2,676*3= $8,028
Monthly interest rate0 0.023/12= 0.00192
<u>First, we need to calculate the nominal value required at the end of the third month:</u>
PV= FV / (1 + i)^n
FV= 8,028
i= 0.00192
n= 9 months
PV= 8,028 / (1.00192^9)
PV= $7,890.6
<u>Now, the monthly investment to reach $7,890.6:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (7,890.6*0.00192) / [(1.00192^3) - 1]
A= $2,625.16
Answer:
15percent o 100 annually
Explanation:
opportunity cost =(115-100/100)*100
