Because stocks rely on dividends as the principal source of cash flow, ascertaining stock prices is an easier and more precise p
1 answer:
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Answer:
According to consumer price index a tuiton of 1,834 in 1989 is worth: $3,591.58 in 2009
Explanation:
To convert a past price into future we do as follow:
229/117 = 1.9572649
Then, we multiply the past amount by this multiplier to get the value in todays dollars:
1,835 x 1.9572649 = 3,591.581 = 3,591.58
Answer:
10.29 %
Explanation:
The interest rate that is required by the bank by the law to report to potential borrowers can be calculated by the following expression.
Interest rate to be reported =
where
EAR = effective annual return rate = 11% = 0.11
n = number of days in a year = 365 days
replacing our values into the above equation; we have:
⇒
=
=
=
= 0.1029
= 10.29 %
Thus, the interest rate the bank is required by law to report to potential borrowers = 10.29%
Answer:
Hence the answer is given as follows,
Explanation:
