<span>Bond prices have an inverse relationship with interest rates. As bond prices rise, yields will fall. Typically this is bullish for stocks as investors move to the equity marke .Equity is bought and sold in the stock market while debt is bought and sold in the bond market.The Stock Market is a subset of the Capital Market.</span>
The current value of the mortgage will be given by:
A=P(1+r/100)^n
where:
P=$150,000
r=5%
n=16 years
therefore:
A=150000(1+5/100)^16
A=150000(1.05)^16
A=$201,014.35
If He wants to pay off his mortgage now, he needs $201,014.35
Answer:
36 years 4 months and 2 days
Explanation:
Data provided in the question:
Monthly payment = $300
Rate of return, i = 9% = 0.09
Future value = $1,000,000
Now,
we know
Future value = Monthly payments × ![\left[ \frac{(1+i)^{n}-1}{i} \right]](https://tex.z-dn.net/?f=%5Cleft%5B%20%5Cfrac%7B%281%2Bi%29%5E%7Bn%7D-1%7D%7Bi%7D%20%5Cright%5D)
or
1000000 = $300 × 
or
or
1.0075ⁿ - 1 = 25
or
1.0075ⁿ = 26
ln( 1.0075ⁿ) = ln(26)
or
n × ln( 1.0075 ) = ln(26)
or
n = [tex]\frac{ \ln (26) }{ \ln( 1.0075 ) }[tex]
or
n = 436.04 months
or
n = 36 years 4 months and 2 days
Answer: c. it ensures productive efficiency.
Explanation:
The average cost pricing is used by the government in order to control the price that may be charged by the monopolist.
With the average cost pricing, monopolists are forced to reduce the price that twhy charge for a product to a point whereby the average total cost of the firm and the market demand curve will intersect.
This is vital as it brings about productive efficiency, increase production and also the reduction in the price of a good.
Therefore, the correct option is C "it ensures productive efficiency".
Answer:
The EFF of card is 27.45%.
Explanation:
EFF interest rate is an interest rate which is actually paid or received on debt or investment. It is also known as Effective Interest rate.
APR = 24.50%
EFF = ( ( 1 + r/m )^m ) - 1
EFF = ( ( 1 + 0.245/12 )^12 ) - 1
EFF = ( ( 1 + 0.020417 )^12 ) - 1
EFF = ( ( 1.020417 )^12 ) - 1
EFF = 1.27447765 - 1
EFF = 0.2745
EFF = 27.45%
