China should seek assistance from the IMF or International Monetary Fund. According to the IMF, it works to nurture global growth and economic steadiness by providing policy, information and financing the members, by working with developing states to help them reach macroeconomic stability and decrease poverty. The basis for this is that private international capital markets function poorly and many countries have inadequate access to financial markets. Such market imperfections, together with balance-of-payments financing, offer the reasoning for official financing, without which many countries could solitary correct large external payment imbalances through actions with adverse economic consequences. Also, the IMF provides alternate sources of financing.
Answer: $403.20
Explanation:We use a mortgage calculator to calculate the interest paid in the final payment. Since each repayment is made at the end of year, the repayments are annual payments. So, the calculator should have an annual amortization schedule to solve the problem.
I used
http://www.calculator.net/loan-calculator for the calculation because it has an annual payment schedule. Then, I went under the subtitle
Paying Back a Fixed Amount Periodically because the payments are equal. In that online calculator, I just input these data:
- Loan Amount: $12,000
- Loan Term: 4 (Loan term is number of years to pay the loan)
- Interest Rate: 11.5%
- Compound: Annually (APY)
- Pay Back: Every year
Then, I clicked the
calculate button and view amortization table. The annual amortization schedule is attached in this answer.
To determine the interest paid at the final payment, I looked at payment #4 because the final payment is at the 4th year. (The loan is paid in 4 annual payments).
As seen in the attached image, the interest paid in payment #4 is $403.20. Hence, the interest paid in the final payment is
$403.20.
Answer: The correct answer is "personal taxes lower the value of using corporate debt".
Explanation: A major contribution of the Miller model is that it demonstrates, other things held constant, that: <u>personal taxes lower the value of using corporate debt.</u>
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Answer:
7.6%
Explanation:
Calculation for What is the annualized forward premium or discount of the euro
Using this formula
Euro annualized forward premium or discount = [(F/S) - 1] x 360 days/90 days
Where,
F represent forward rate $1.07
S represent current spot rate $1.05
Let plug in the formula
Euro annualized forward premium or discount =[($1.07/$1.05) - 1] x 360 days/90 days
Euro annualized forward premium or discount =($1.019-1)×x 360 days/90 days
Euro annualized forward premium or discount =0.019×360 days/90 days
Euro annualized forward premium or discount =0.076×100
Euro annualized forward premium or discount = 7.6 %
Therefore the annualized forward premium or discount of the euro will be 7.6%