Answer:
a) actual dollar = $60
b) Constant dollar of the 15th payment = $38.710
Explanation:
Facts from the question:
The Face value of the bond = $1,000
Nominal Interest rate = 12% and it compounded annually
General inflation rate = 6%
The question: Determine the 15th interest payment on the bond.
Step 1: The coupon for the amount of semi annual payment is as follows:
Coupon= (Interest rate/ Number of compounding times in a year) x face value of the bond
= (0.12/2) x 1000
= $60 -= Actual dollar amount
Step 2: Determine the 15th payment and this will represent the middle of the 8th year or (7 1/2) year.
To calculate this=
Constant dollar amount of the 15th interest payment
= Actual dollar amount (above) / (1 + inflation rate)∧n
where n= the number of years = 7.5 years
= $60 / (1 + 0.06) ∧7.5
= $60/1.55
= $38.710
This means the constant dollar amount on that 15th payment = $38.710
To become a self made person, this is because sometimes you want to prove people that even if your family is successful, you can be successful on your own too. I hope this makes sense.
If workers in one part of the labor market unionize, then all else equal, we would expect the wages of unionized workers to <u>rise</u>, and the wages of nonunionized workers to <u>fall</u>.
In developing countries, labor markets play a central role in determining economic and social progress. Employment status is one of the key factors in overcoming poverty. Ultimately, a decent, well-paid, and stable job is the most sustainable way to increase income and consumption.
Almost everything that happens in the economy affects the labor market. Changes in demand for goods and services, population size, and minimum wage rates can all have significant effects on the labor market. The economic change will probably have the greatest impact on the labor market as a whole.
Learn more about the labor market here: brainly.com/question/25715806
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Answer:
B. managers overuse the autocratic style
Explanation:
There has been extensive research into the time-driven model of leadership. The results include all of the following except managers overuse the autocratic style.
Answer:
0.31
Explanation:
Given that,
Visa = $ 755
MasterCard = 380
Discover card = 555
Education loan = 3,900
Personal bank loan = 650
Auto loan = 6,000
Total debt (not including mortgage) = $12,240
Net Worth (not including home) = $39,000
Robert's debt-to-equity ratio:
= Total debt ÷ Net worth
= $12,240 ÷ $39,000
= 0.31
