Answer: $93,088
Explanation:
Rate is compounded monthly which makes it:
= 8% / 12
= 0.6667%
= 0.006667
The payment of $20,156 is to increase yearly at a rate of 5%. Payments are at the beginning of the period so the first payment does not have to be discounted.
= $93,088
Answer:
Downward sloping curve with 300 intercept on mini sandwich axis, 150 intercept on melon spices
Explanation:
PPC reflects production combinations (2 goods), which can be produced given same resources & technology. It is downward sloping because of inverse relationship between two goods, one good increase leads to other good decrease - given same resources & technology.
In this case, it is with analogous factors : production possibilities with respect to unlimited ingredients (resources), limited time. Although resources are given to be unlimited, PPC is likely to be downward sloping : because of inverse relationship between goods - based on time constraint (one good increase will withdraw time from other good & reduce it).
The PPC intercept on X & Y axis represents the maximum amount of that axis good, which can be produced. So: it has 300 intercept on mini sandwich axis, 150 intercept on melon spice axis.
The slope & shape of PPC depends on Marginal Opportunity Cost, which depends on relative efficiency of resources in two goods.
Resources equally efficient - Constant Good Sacrifise Ratio i.e MOC - PPC straight line. Resources unequally efficient - Increasing Sacrifise Ratio (from efficient to inefficient good) i.e MOC rising - PPC Concave. Increasing Sacrifise Ratio (from inefficient resources to efficient resources) i.e MOC falling - PPC Convex.
If MOC between mini sandwiches & melon spices is constant, PPC is straight line . If MOC between them is rising, PPC is concave. If MOC between them is falling, PPC is convex.
The amount of interest to be paid in total for six and a half years is $59,357.31
Computation:
Given,
Principal Amount =$44,500
Interest rate =13.11% annually
The interest is compounded monthly
time period= 6.5 years
The formula of compound interest will be used:
Substituting the values in the formula:
Now, the value of total interest paid is computed by taking the difference between the annuity amount and the principal amount.
Therefore, from the given options non of the options are correct.
To know more about compound interest, refer to the link:
brainly.com/question/25857212
Answer:
2017 2016 2015
CURRENT RATIO 1,88 2,52 2,87
ACID-TEST RATIO 0,93 1,30 1,72
Explanation:
CURRENT RATIO
Total Current Assets
====================
Total Current Liabilities
ACID-TEST RATIO
Total Current Assets - (Merchandise Inventory + Prepaid Expenses)
============================================================
Total Current Liabilities
Answer:
The answer is 7.37%
Explanation:
Solution
Given that
Bond per value = future value =$1000
The current price = $1,066.57
Time = 22 years * 2
=44 semi-annual periods
The year of maturity = 6.78%/2 = 3.39%
Thus
The coupon rate is computed by first calculating the amount of coupon payment.
So
By using a financial calculator, the coupon payment is calculated below:
FV= 1,000
PV= -1,066.57
n= 44
I/Y= 3.39
Now we press the PMT and CPT keys (function) to compute the payment (coupon)
What was obtained is 36.83 (value)
Thus
The annual coupon rate is: given as:
= $36.83*2/ $1,000
= $73.66/ $1,000
= 0.0737*1,00
=7.366% or 7.37%
Therefore 7.37% is the bond's coupon rate.