Answer:
FV= $1,309,832.57
Explanation:
Giving the following information:
Annual investment (1 to 7)= $3,500
Interest rate= 9%
<u>First, we need to calculate the future value of the annual deposit using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,500*[(1.09^7) - 1]} / 0.09
FV= $32,201.52
<u>Now, the value when they are 70:</u>
Number of periods= 70 - 27= 43
FV= PV*(1+i)^n
FV= 32,201.52*(1.09^43)
FV= $1,309,832.57
Answer:
$812.20
Explanation:
Given the following bond characteristic:
Coupon rate = 12%
Market or yield rate = 15%
Years to maturity = 20 years
Face or par value = $1000
Inputting the values into a bond value calculator, the bond value output is : $812.20
This means that the sum of the present value of all likely coupon payment and par at maturity. It is simply the present value of all cash streams it is projected to generate.
The answer is false because you can always choose another career.
No. You don't have to go to college but it will help you if you had gone to college and took up business courses.
Running you own business requires you to know your own product, target market. You should also know the ways to exploit strengths and minimize weaknesses in running your business.
Keeping a good working relation with your employees and client base will help you boost your company's reputation and will ultimately generate more sales from work of mouth advertising.
Going to college before running a business does not guarantee you having a successful business. This is because some lessons learned in running a successful business is not found in the classroom. It must be experienced and overcome first-hand.
