Answer:
28.85
Explanation
Keanu has decided to save a fixed amount of 70,000 for a given period. We would need to calculate the number of years to achieve 7,796,223 using the FVIFA formula (Future value interest for an annuity)
Fixed payment× FVIFA=Future value
<em>FVIFA</em> = 
where r is the periodic rate (9%)
and n is the number of periods
therefore; 70000×
=7796223
=(7796223×0.09)/70000
n=27.85
However, since Keanu will not invest until the end of the first year, he will spend 28.85 years to achieve his goal
Answer:
The correct answer is letter "C": the Macro Islands have a comparative advantage in producing fishing boats, and the Micro Islands have a comparative advantage in producing guava jelly.
Explanation:
Comparative advantage is an advantage an individual, organization or country has to use <em>opportunity costs</em> in their production compared to their competitors. The scenario described above does not imply that the individual, organization or country has an absolute advantage.
In the example proposed:
- Comparative advantage of Macro islands in fishing boats =
- Comparative advantage of Micro islands in fishing boats =
- Comparative advantage of Macro islands in jars =
- Comparative advantage of Micro islands in jars =
Thus, <em>the Macro Islands have a comparative advantage in producing fishing boats, and the Micro Islands have a comparative advantage in producing guava jelly.</em>
Answer:
Correct option is (C)
Explanation:
Given:
Face value of bond (FV) = $1,000
Coupon rate = 6.2% annual and 6.2 / 2 = 3.1% semi annual
Coupon payment (pmt) = 0.031 × 1,000 = $31
Maturity period (nper) = 8×2 = 16 periods
Rate = 8.3% annual or 8.3 / 2 = 4.15%
Present value of bond can be computed using spreadsheet function =PV(rate,nper,pmt,FV)
Present value of bond when yield is 8.3% is $878.99
If ytm increases to 8.6% annual or 8.6 / 2 = 4.3% semi annual, then present value of bond will be $863.22 (using spreadsheet function again)
It can be seen that as ytm increased from 8.3% to 8.6%, price of bond fell by $15.77 approximately (878.99 - 863.22)
The correct answer is (b) importing.
importer is buying products from another country.
<h3>What Exactly Is an Import?</h3>
An import is an item or service purchased in one nation but manufactured in another. The two pillars of global trade are imports and exports. if a nation's imports are more than its exports in value.
Free-trade agreements and a reliance on imports from nations with less expensive labor frequently appear to be the main causes of the reduction in manufacturing jobs in the importing country. Free trade makes it easier to import products and raw materials from regions with less expensive labor costs, which lessens the need for domestically produced items. Between 2000 and 2007, the effects on manufacturing jobs were noticeable, and the Great Recession and the subsequent slow recovery only made matters worse.
To know more about import and export visit:
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