Answer:
a. The implied monthly discount rate for the rent is 0.843% (10.115%/12)
b. He should pay by month because he will earn 1.5% on his savings and pay 0.843% interest monthly.
Explanation:
a) Monthly payments at the start of the month = $1,300
One-time payment at the beginning of the lease = $14,778
Present Value 14778
Residual Value 0
Lease Term 0 years 12 months
Monthly Payment 1300
Result
Interest/Return Rate 10.115%
Total of 12 Monthly Payments $15,600.00
Total Interest $822.00
If Reg is earning 1.5% on his savings monthly, he will earn $21,957:
Annuity factor for 12 months at 1.5% = 16.89
Total of Reg's savings at the end of 12 months = $21,957 ($1,300 * 16.89)
Answer:
B. the quantity of pineapples demanded
Explanation:
As per the law of demand, the demand for a product is inversely related to its price. An increase in price will result in the demand moving in the opposite direction. A reduction in price leads to an increment in demand.
An increase in the supply of pineapple will result in a decline in their prices. A low price will attract more pineapple buyers. A bigger percentage will of Hawaiian will afford to buy the pineapples. Those who were restricted to smaller quantities by the high price will afford a relatively larger quantity.
Answer:
A government department is a sector of the UK government that deals with a particular area of interest. Government departments are either ministerial or non-ministerial departments.
Ministerial departments are led politically by a Government Minister, usually called a ‘secretary of state’ and supported by a team of junior ministers and civil servants, themselves led by a Senior Civil servant known as a permanent secretary, in charge of administrative management. Ministerial departments cover matters requiring direct political oversight, such as the Department for Transport or the Foreign Office.
Explanation:
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Answer:
16%
Explanation:
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Answer:
Number of shares to be issued = 60,000 units
Explanation:
<em>A private placement involves the issue of new shares to a few number of individual and institutional investors. Unlike initial public offering, here the shares are not offered to the general public.</em>
The number of units to be issued is determined as follows
Units to be issued = Total capital to be raised / issue price per share
Number of units to be raised = $1215,000/$20.25 per share= 60,000 units
Number of shares to be issued = 60,000 units