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erica [24]
2 years ago
14

We are trading a large amount of goods with a Thai customer, and the customer is requesting full payment in L/C, as they have be

en cheated before. We also know that L/C is a highly secure way, but without deposit, it will be difficult to purchase raw materials for such a large order. So, is it possible to indicate the deposit and the remaining amount at the time of the issuance of the credit, so that after receiving the L/C, the bank can pay us the amount of the deposit stated in the credit in advance?​
Business
1 answer:
Naddik [55]2 years ago
6 0

Answer:

I think the best thing is to try and make the amount of money in cash

Explanation:

That's what I think

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karl opens a savings account with 2500.Hedeposits1500 every year into the account that has a 0.75% interest rate, compounded mon
Anastasy [175]

Answer:

28707.80 is the account balance after 10 years.

Explanation:

In his question we have two parts of the problem  the first one is a single deposit of 2500 in which we will find its future value after 10 years by using the future value formula which is Fv = Pv(1+i)^n , where

Fv is the future value after 10 years of saving the amount which we are calculating.

Pv is the present value initial investment of 2500

i is the annual interest rate which will be 0.75% x 12 = 9% as we are given a rate which is for monthly compounding.

n is the number of years the 2500 is saved up for.

Then we substitute these values to the above mentioned formula:

Fv = 2500(1 +9%)^10

Fv = 5918.41

now we will solve the second part of the question which involves 1500 deposited every year which this is an annuity part of the question where periodic payments are made constantly over 10 years for a certain future amount. which the formula is Fv = C[((1+i)^n -1)/i] , where

Fv is the future value of saving 1500 per year for 10 years

C is the periodic saving which is 1500

i is the annual interest rate of 9% as the 1500 is saved per year

n is the number of periods the 1500 is deposited for which is 10 years'

now we substitute to the above mentioned formula to find the future value:

Fv =  1500[((1 + 9%)^10 -1)/9%]

Fv =22789.39 .

now we will combine both future values to find the account balance after 10 years which will be 22789.39+ 5918.41 = 28707.80 rounded off to two decimal places.

5 0
3 years ago
A customer buys a municipal bond in the secondary market at 96 that has 4 years to maturity. Two years later, the customer sells
Stolb23 [73]

the correct answer will there in the book left page

3 0
3 years ago
Robert is a high school junior who likes studying diseases and medicine but doesn't want to have direct patient contact. He's al
jeka94

The phrase which <em>best describes</em> the scientific discipline that is concerned with the cognitive, information-processing is:

  • (A) Health Informatics

<h3>What is Health Informatics?</h3>

This refers to the practise of health data management which involves the use if info-processing to manage data and also for the administration and control.

With this in mind, we can see that the name which is given to the scientific discipline which would help Robert to study diseases and not have direct contact with them is Health Informatics.

Read more about Health Informatics here:
brainly.com/question/26129038

7 0
2 years ago
A sandwich at the deli can be made of ham, beef, or turkey on wheat, white, or rye bread. How many combinations of meat and brea
Nat2105 [25]
You can make a total of 9 combinations consisting of one meat and one bread
8 0
3 years ago
An aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful A
alex41 [277]

Answer:

2800

Explanation:

By the following we get:

4000 - 1200 = USD 2800/-

6 0
3 years ago
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