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3 years ago

How are the FAFSA, SAR, and EFC related?

Business

1 answer:

liubo4ka [24]3 years ago

3 0

Answer:

The correct answer is letter "A": The FAFSA is what you fill out to apply for financial aid. The SAR is a record of what you submitted in your FAFSA. The EFC is how much a college expects you and your family to contribute to your cost of college.

Explanation:

The Free Application for Federal Student Aid (FAFSA) is a form filled by future and current university students who would like to obtain financial aid for their studies. The form is submitted to the Scholars at Risk (SAR) Network who are in charge of evaluating the information and determine what the Expected Family Contribution (EFC) will be. The EFC represents the amount that the students' family or the students themselves will have to pay from their pockets.

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The treasurer of a major U.S. firm has $29 million to invest for three months. The interest rate in the United States is .29 per

7nadin3 [17]

Answer:

Check the following calculations.

Explanation:

The U.S. firm has $29 million

Investment is for three months

And the interest rate in the United States is .29 percent per month

The value of the investment if the money is invested in U.S

= $29 million *(1+ 0.29%) ^3

= $29.2530 million

The interest rate in Great Britain is .33 percent per month.

The spot exchange rate is £.629

And the three-month forward rate is £.632.

The value of the investment if the money is invested in Great Britain

Value after spot exchange = $29 million *(£.629/$1) = £ 18.241 million

Value after three months interest earning = £ 18.241*(1+0.33%) ^3

= £ 18.4222 million

Exchanging again in US $ after 3 months

= £ 18.4222 *($1/£ .632) = $29.1490 million

Therefore the value of the investment if the money is invested in Great Britain is $29.1490 million.

The value of investment will be more if the money is invested in U.S.

6 0

2 years ago

The human resources department of french quarter seafood conducted a training workshop on setting and achieving organization goa

Cloud [144]

The aspect of the SMART goal that is missing is that of TARGET DATE.
SMART goals refers to goals that are Specific, Measurable, Attainable, Result oriented and Time bound. The aspect of the time bound was not included in the scenario given in the question.

7 0

3 years ago

Please help me with this question

Katen [24]

Answer:

$395.

Explanation:

interest = Principal×rate of interest×time

Principal = $15800

Rate =0.1

Time = 3/12

interest = $15800×0.1×3/12

7 0

3 years ago

On January 1, 2020, Hat Trick Manufacturing exchanged some equipment for a $750,000 zero-interest-bearing note due on January 1,

Marina86 [1]

Answer:

61,198.47

Explanation:

First we solve for the present value of the note receivables at January 1st, 2021 As we are asked for the interest revenue on the 2021 incoem statment

$\frac{Maturity}{(1 + rate)^{time} } = PV$