Answer:
EAR = 8.24%
Explanation:
EAR = (1+APR/n)^n-1
Where n is number of compounding per year = 4
EAR = (1+8%/4)^4 - 1
EAR = (1 + 0.02)^4
EAR = (1.02)^4
EAR = 1.08243216 - 1
EAR = 0.08243216
EAR = 8.24%
Answer:
145 Fahrenheit (62.8 Celsius)
Answer:
$2,639.83
Explanation:
The value expected in the next 10 years is known as the future value while the amount to be invested today is the present value amount, hence, using the formula below which relates the present value to the future value, we can determine the present value as appropriate:
PV=FV/(1+r)^n
PV=present value=the unknown
FV=future value=$4,300
r=rate of return=5%
n=number of years that investment would last =10
PV=$4,300/(1+5%)^10
PV=$4,300/1.05^10
PV=$4,300/1.62889463
PV=$2,639.83
Answer with its Explanation:
Here, there are two case scenario depending upon the payment related to my services. The credit union will either pay through the debtor's estate or will pay independent of court.
Now, if the credit union is willing to pay me out of debtor's estate then the offer must be declined as the court order is mandatory here for investigating any irregularities. Furthermore, the order will also define my role and responsibilities and duties associated with the investigation task.
Now on the other hand, if the credit union is of the opinion that they will pay independent of court then I will accept their offer and will offer my investigation services on my own terms and conditions.
Answer:
The cost of opportunity of one diner meal is 5 gallons.
Explanation:
The cost of opportunity is the alternative that you sacrifice when you choose an option.
It represents the benefits that you miss out on when choosing one alternative over another.
In this case, the cost of opportunity of one diner meal is the quantity of gallons that you sacrifice.
7 diners = 35 gallons
1 diner = 35*1/7= 5 gallons
The cost of opportunity of one diner meal is 5 gallons.
