Answer: The answer is GDP per capita.
GDP per capita is Gross Domestic Product divided by a country's population.
Explanation: Gross Domestic Product (GDP) per capita refers to dividing the country’s Gross Domestic Product by its population. It measures the country’s economic output that account for the country’s total population. Gross Domestic Product (GDP) per capita is the best measurement of a country’s standard of living.
Gross Domestic Product means the total number of goods and services produced in the country within a year.
Answer:
$1,419,327.22
Explanation:
The formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:
FV = M × {[(1 + r)^n - 1] ÷ r} ................................. (1)
Where,
FV = Future value of the amount after 3 years = ?
M = Annuity payment = $225,000
r = Semi annual interest rate = 4% ÷ 2 = 2%, 0.02
n = number of periods the investment will be made = 3 × 2 = 6
Substituting the values into equation (1), we have:
FV = $225,000 × {[(1 + 0.02)^6 - 1] ÷ 0.02} = $1,419,327.22
Therefore, Harlan Corporation will have $1,419,327.22 at the end of three years.
The correct answer is C. Average daily balance method.
In average daily we consider balance interest or owed at the end of the day.
To calculate debt credit card we take the percentage of the total amount of current balance which will be termed as the interest then add one percent of the principal.
T o calculate for daily credit card balance we total the balance in the billing cycle everyday then you will divide your total with the number of days which in the cycle.
Answer:
A)Tax preparation
Explanation:
Gross domestic product is the sum total of all goods and services produced by a country within a given period.
Goods are tangible products that are produced by the country and in this scenario includes photographs, reclining chairs, and photographs.
Services on the other hand are those intangible actions that produce value to the end user. An example of service is tax preparation.
If an individual requires his taxes to be prepared but does not have the skill to do it. They will hire someone to do it and pay for the service.
Answer:
The loss of the financial institution is $413,000
Explanation:
Let's say that after 3 years the financial institution will receive:
0.5 * 10% of $10million
= 0.5 * 0.1 * 10000000
= $500,000
Then, they will pay 0.5 * 9% of $10M
= 0.5 * 0.09 * 10000000
= $450,000
Therefore, their immediate loss would be $500000 - $450000
= $50000.
Let's assume that forward rates are realized to value the rest of the swap.
The forward rates = 8% per annum.
Therefore, the remaining cash flows are assumed that floating payment is
0.5*0.08*10000000 =
$400,000
Received net payment would be:
500,000-400,000= $100,000. The total cost of default is therefore the cost of foregoing the following cash flows:
Year 3=$50,000
Year 3.5=$100,000
Year 4 = $100,000
Year 4.5= $100,000
Year 5 = $100,000
Discounting these cash flows to year 3 at 4% per six months, the cost of default would be $413,000
