Answer:
yes!!!! it can... if u are able to do it.
Explanation:
I think soo
Answer:
$12.53
Explanation:
Data provided in the question
Par value = $1,000
Coupon rate = 2.5%
Reference CPI = 204.89
Now CPI = 205.44
By considering the above information, the correct calculation of the current interest payment is
= Par value × Current CPI ÷ Reference CPI × Coupon rate ÷ 2
= $1,000 × 205.44 ÷ 204.89 × 2.5% ÷ 2
= $12.53
We assume the interest is on semi annual payments
The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.
In the given case, the BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%, which means the A.P.R is calculated on the basis of Prime rate and any change in prime rate will directly affect the A.P.R.
The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.
Hence the correct answer is:
b. Increase in A.P.R by 1%
Answer:
$14,343.25
Explanation:
The computation is shown below;
For the first bank
The value of investment is
= $68,000 × 8% × 8 + $68,000
= $111,520
For the second bank
= $68,000 × (1 + 0.08)^8
= $125,863.25
So, the difference in these both amount should be
= $125,863.25 - $111,520
= $14,343.25
Answer:
Cedrick's potential maximum liability = $50
Explanation:
Given:
$250 = a Blueminusray player
$600 = new set of tires
$200 = Cash withdrawal
$40 = interest charges
Find:
Cedrick's potential maximum liability
Computation:
Cedrick's potential maximum liability = Blueminusray player - Cash withdrawal
Cedrick's potential maximum liability = $250 - $200
Cedrick's potential maximum liability = $50
