Monthly statements, investment options, and online banking services.
Answer:
$7,514
Explanation:
Calculation for how Legion should report bond interest expense for the six months ended June 30, 2021
Using this formula
Bond interest expense=Bonds amount*Priced to yield percentage
Bond interest expense=$150,272*(10%/2)
Bond interest expense=$150,272*5%
Bond interest expense=$7,513.6
Bond interest expense=$7,514 Approximately
Therefore Legion should report bond interest expense for the six months ended June 30, 2021 in the amount of $7,514
Answer:
Risk of a bad investment
Explanation:
When an investor is calculating an investment's interest rate, he/she must include all brokerage commissions and fees
, inflation rate (interest rate must exceed the inflation rate) and the investor's opportunity cost.
Investors are risk adverse, which means that a risky investment should yield a higher return. That could be considered a rational investment rule, but it is not included in the calculation of the interest rate.
<span>When the dollar appreciates relative to foreign currency means that the exchange rate will favor the dollar and cause a decrease in the the price of imported goods. It also means that travel abroad from the U.S. to the relative countries will increase due to lowered costs.</span>
Compounding. If you compound your interest, then your interest rate will go up, and you get more interest.
