Answer:
<em>Rodney Cashman's fund is worth $ 465,862.95 after investing for the past 18 years.</em>
Explanation:
Given: Number of periods - 18 years * 4 quarters = 72
Periodic payment - $2,000
Interest Rate - 11.5%
Formula: FV of Annuity= p [(1+ r/m)n-1/ (r/m)]
Where:
P - Periodic Payment
r - interest rate
n - number of periods
m - compounding period
FV of Annuity =$ 465,862.95
<span>The answer is A . Forming relationships is the most important thing about meeting new contacts.</span>
Answer:
7.31%
Explanation:
The question is pointing at the bond's yield to maturity.
The yield to maturity can be computed using the rate formula in excel as provided below:
=rate(nper,pmt,-pv,fv)
nper is the number of times the bond would pay annual coupons which is 31
pmt is the annual coupon payment i.e $1000*8.0%=$80.00
pv is the current price of the bond which is $1,084
fv is the face value of the bond which is $1,000
=rate(31,80,-1084,1000)=7.31%
The yield to maturity is 7.31%
That is the annual rate of return for an investor that holds the bond till maturity.
Answer:
(1) introduction
Explanation:
Pioneering advertising creates consumers awareness about the availability of a totally new product as well as explaining its use.
Answer: mean monthly income = $5000
====================================================
Explanation
In any normal distribution, the median and mean are the same value.
-------------
The proof is as follows:
If mean > median was the case, then the distribution would be skewed to the right (ie positively skewed). The right tail is pulled longer than the left tail. But this would contradict the symmetrical nature of the normal distribution. So mean > median must not be the case.
If mean < median, then the distribution would be skewed to the left (negatively skewed). Visually this pulls the left tail longer than the right tail. Like in the previous paragraph, this contradicts the symmetrical nature of the normal distribution. So mean < median must not be the case.
Since mean > median cannot be true, and neither can mean < median, this must indicate mean = median.
-------------
So in short, any symmetrical distribution always has mean = median and they are at the very center of the distribution.