Answer:
$10,856.08
Explanation:
For computing the dollar price of the bond we have to applied the present value formula which is to be shown in the attachment below:
Given that,
Future value = $10,000
Rate of interest = 4.2% ÷ 2 = 2.4%
NPER = 22 years × 2 = 44 years
PMT = $10,000 × 4.8% ÷ 2 = $240
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After applying the above formula, the dollar price of the bond is $10,856.08
It is very important to plan expenditures carefully so that you will know your potential expenses and you can make any adjustments. This is also another way to monitor your expenditures so that you will know where and what you have spent the money with. Any errors or mistakes in the planning would be easily detected. Other than that, this would also allow you to concentrate in saving.
It is called burden of proof. Burden of proof is the duty of a party in a trial to provide the evidence or proof that will prove their claims against the other party. In a legal dispute, one party is initially presumed to be right and has the benefit of the doubt. Whereas for the other party, they bear the burden of proof. When a party who gets the burden of proof meets their burden, the burden of proof moves to the other side. There are different kinds of burden for each party in different phases of litigation.
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Answer:
expected cost = $2800 per month
Explanation:
given data
Copies (per month) = 4,000
probability = 40%
copies (per month) = 9,000
probability = 60%
lease new copier = $1,050
variable cost = $0.25
to find out
What is the expected cost
solution
we know that expected cost is here
expected cost = fixed cost + variable cost .................1
and here demand of copies per month is express as
= ( 40 % of 4000 ) + ( 60% of 9000 )
= 1600 + 5400 = 7000
so from equation 1
expected cost = fixed cost + variable cost
expected cost = 1050 + 0.25 × 7000
expected cost = 1050 + 1750
expected cost = $2800 per month