Answer:
PV= $6,178.61
Explanation:
Giving the following information:
Number of years= 10
Cash flow= 500 semiannually
Discount rate= 10% compounded monthly
First, we need to calculate the semiannual interest rate:
i= 0.10/12= 0.00833
i= (1.00833^6) - 1= 0.051
Now, we need to calculate the final value of security:
FV= {A*[(1+i)^n-1]}/i
A= cash flow
FV= {500*[(1.051^20) - 1] / 0.051
FV= $16,708.79
Finally, the present value:
PV= FV/(1+i)^n
PV= 16,708.79/1.051^20
PV= $6,178.61
Answer:
During a recession, the government may employ expansionary fiscal policy by lowering tax rates to increase aggregate demand and fuel economic growth. In the face of mounting inflation and other expansionary symptoms, a government may pursue contractionary fiscal policy
Explanation:
Answer:
what is this? ha..........
Are u a fart bc u blew me away
Explanation:
Sorry I can't answer your question make it clear.
