Exchange
<span>Exchange is simply the act of the of giving and receiving between two individuals or two groups. A trade is a typical example of an exchange.
For instance, if a farmer gives a fixed number of eggs to another farmer for a
fixed quantity of cow’s milk, this is an exchange. Similarly, if a house guest offers to cook and
clean in return for free accommodation, this is an exchange. </span>
Answer:
10.38%
Explanation:
From the question above a bank offers to lend an amount of $10,000 for a period of 1 year
The bank expects an interest of $250 to be paid every 4 months
= $250×4
= $1,000
Total amount of interest= $1,000
The first step is to calculate the nominal interest
= (1000/10,000)×100
= 0.1×100
= 10%
Therefore, the effective annual rate on the loan can be calculated as follows
= (1+r/m)^m-1
r = 10% , m = 4
= [1+(10/100)/4]^-1
=[ (1+0.1/4)^4]-1
= (1+0.025^4)-1
= (1.025^4)-1
= 1.1038-1
= 0.1038×100
= 10.38%
Hence the effective annual rate in the loan is 10.38%
Answer:
cost of goods manufactured= $692,800
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 120,400 + 300,400 + 133,900 + 265,900 - 127,800
cost of goods manufactured= $692,800
Answer:
pay for policy is $416666.67
Explanation:
given data
pay= $25000
rate = 6 % = 0.06
to find out
how much pay for policy
solution
to find out policy pay
we will apply here formula that is
pay = present value × r
so they pay here 25000 and rate 0.06
put these value we get present value
present value = pay / rate
present value = 25000 / 0.06
present value = 416666.67
so pay for policy is $416666.67
