Answer:
IRR 6% for Jabob
His friend will need 12 years saving cash to obtain their collegue funds.
Explanation:
We will solve for the rate being the annuity of 3 payment of 800
and the present value 2,138.41
C 800
time 3
PV 2,138.41
rate ?
To solve we can use excel, a financial calculator or trial and error
For excel we will do the following:
write the list of cash through the loan life:
-2,138.41
+800
+800
+800
then we write in the empy cell
=IRR(
select the values and press enter
This will give the IRR which is 6%
For the second assignment:
we need to solve for time:
C 3,800
time n
rate 0.06
PV $31,897
We work out the formula:
Now we solve the right side and apply logarithmic properties
-n = -11.77128325
n = 11.77
It will take 12 years to obtain their target amount
520.83 cents take the amount divide it by 12 then 2.
Not trying to sale to the wrong company or risking on a single product of some sort.
Answer:
$1,248
Explanation:
The current premiums are $975, which is equivalent to 100%. The new premium will increase by 28%.
New premiums will be $975% plus 28%, which is equal to 128% of $975
= $975 x 128/100
=$975 x 1.28
=$1,248
Available Options Are:
A. A climate of caring will pervade.
B. Lawlessness all but ceases to exist.
C. People look after their own interests.
D. Small business starts increase.
E. Inflation decreases.
Answer:
Option A. A climate of caring will pervade.
Explanation:
When the people in a society start acting socially responsible which means that they value every single life on earth because acting socially means sustainability which says that the future generation needs must not be compromised in meeting current generation needs. Hence when everyone will be thinking as a socially responsible person then their will be a climate of care and every life matter would be understood by every single person on earth.
