Answer:
Option B $1.03
Explanation:
First lets calculate present value = cash flow(PVAF, life, rate) where PVAF = present value annuity factor
= 15(PVAF, 10, 5 years)
from the annuity table
Present value = 15 * 3,790 = $56.8618 million
The decrease in Present value will be $56.8618 million
Decrease in price = present value/number of share = 56.8618/66 = 1.033851 approx $1.03
Answer:
a. $5
b. $4
c. $6
Explanation:
a. store A?
Beginning balance = $300
Ending balance = $300 - $100 = $200
Average balance = ($300 + $200) ÷ 2 = $250
Monthly APR = 24% ÷ 12 = 2%
June finance charge = Average balance × Monthly APR = $250 × 2% = $5
b. store B
June finance charge = (Beginning balance - Payments) × Monthly APR = ($300 - $100) × 2% = $4
c. store C?
June finance charge = Beginning balance × Monthly APR = $300 × 2% = $6
Answer:
PV of the growing annuity: 3,129,415.72
Explanation:
We need to solve for the present value of a growing annuity:
g 0.01
r 0.015 (18% / 12 months)
C 140,000
n 24
FV = 4,473,508.58
Now, to get the present value we solve for the present value of the future value:

3,129,415.72
Answer:
Charlotte has the priority to claim Autumn as her dependent even though William covered 70% of her living expenses during the year. In order for a parent to be able to claim a child as a dependent, he/she must live with the child for more than half the year. In this case, since William left the house, Charlotte has preference over claiming Autumn as her dependent (even though William lived with Autumn for 10 months). Also, a parent always has priority over other relatives including a grandparent.
A bull market is a long period of rising stock prices. Bull market is a part of financial market that is being invested for a long period of time and is expected to gain a higher rise in the price.