Answer:
Price = $3,241,718
Explanation:
To calculate issue price of the bonds we first calculate NPV of the bonds after 12 years and Interest payments of the bonds for 12 years.
NPV can be calculated by : Bond value * NPV factor after 12 years
so, Bond Value after 12 years = $3700 000 * 0.2567 = $949,790
We take the market interest rate for this.
Now we calculate Yearly interest payment = 3700000 * 10% = $370,000
we discount it back using annuity for 12 years so, 370000 * 6.1944 = $2,291,000. This is the total interest payments for 12 years in NPV terms.
To calculate issue price simply add Interest payments and Bond NPV value so,
Price = 2291000 + 949790 = $3,241,718
Hope that helps.
The new whig party consisted mainly of those who disliked Andrew Jackson
23% decrease.
We can do this by simply dividing 1,650,000 by 2,150,000. That would give us 0.7674. Multiply that by 100 and you have 76.74%.
However, this is the percent amount of how 1,650,000 is out of 2,150,000. So, we need to simply minus this answer by 100 to get 23.26, or 23%.
Deposit column. You can also state in the comments section that it was interest earned from the checking account.
Process of elimination:
Flexibility is a characteristic because entrepreneurs are designing their own path (path being vague for whatever their entrepreneurship is focused on), allowing for flexibility
Risk is a characteristic because being on your own and doing your own thing is much more unstable than simply working for a well-founded company
Innovation is a characteristic, because the flexibility that comes from being an entrepreneur allows for freedom of ones own ideas, making innovation more likely.
Profit is not a particular characteristic, due to the risk factor.
Profit is the right answer :D
