Answer:
Part 1:
Nominal rate=8.12%
Part 2:
$1,081.2 is the money you will have at the end of one year.
Part 3:
The Saving account is short of $31.8 ($1113-$1081.2) to buy the bicycle after 1 year because of inflation.
Explanation:
Real Interest rate=2%
Inflation rate=6%
Deposited amount=$1000
Part 1:
Formula:
Real interest rate=
![2\%=\frac{1+Nominal\ rate}{1+6\%} -1\\Nominal\ rate=[(0.02+1)*(1+0.06)]-1\\Nominal\ rate=0.0812](https://tex.z-dn.net/?f=2%5C%25%3D%5Cfrac%7B1%2BNominal%5C%20rate%7D%7B1%2B6%5C%25%7D%20-1%5C%5CNominal%5C%20rate%3D%5B%280.02%2B1%29%2A%281%2B0.06%29%5D-1%5C%5CNominal%5C%20rate%3D0.0812)
Nominal rate=8.12%
Part 2:
How much money will you have at the end of one year can be calculated as:
where:
FV is the future value
PV is the present value=$1000
i is the Nominal interest rate (Calculated above)=8.12%
n is the number of years=1 year
$1,081.2 is the money you will have at the end of one year.
Part 3:
Calculating the price of bicycle after one year due to inflation:
The Saving account is short of $31.8 ($1113-$1081.2) to buy the bicycle after 1 year because of inflation.
Given:
<span>Ashley, bought the car with some of his own money and the rest a car loan.
Nikki bought the car with cash.
Jared leased the car.
</span><span>My Answer: Nikki has the option to choose the less expensive liability-only insurance coverage.
Because Nikki paid the car in cash, the ownership of the car is fully Nikki's. Thus, she can choose the less expensive liability-only insurance coverage without any party objecting to her choice.
Ashley co-owns the car with the company or bank she loaned the balance to. She has to heed the decision of the co-owner.
Jared does not own the car. He only leased it.
</span>
Answer:
The Annual dividend amount is: $36.75 x 2.3% = $0.85
Explanation:
The dividend yield is the ratio of a company's annual dividend compared to its share price. The calculated formula of dividend yield as follows:
Dividend Yield =
Annual Dividend / Share Price
Hence, Annual Dividend = Share Price x Dividend Yield
Hey there,
Answer:
A corporation obtains cash immediately from the investment firm.
Hope this helps :D
<em>~Top</em>
Answer:
c. drafting a contract illegally.
Explanation:
In the contracting process, a licensee must be careful to drafting a contract illegally. The licensee can be defined as an individual or group of people holding a license given to them by an authority or authorized agencies, to engage legally in an activity.
Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.
