Solution:
1 : The interest rate that fits the lifetime cash flows to the PV of cash flows is expected here.
PV of an equation of perpetuity:
PV = C/ r
$326,000 = $3,000 / r
With the interest rate, we could now solve the following:
r= $3,000 / $326,000
r= 0.0092 or 0.92% per month
2 :The interest rate per month is 0.92 percent.
In order to calculate the APR, the number of months in a year is determined by:
APR = (12) 0.92%
APR = 11.04%
3 : And using the equation to find the EAR, we find:
EAR = [1 + (APR / m)]m– 1
EAR = [1 + 0.0092]12– 1
EAR = 0.1162 or 11.62%
Answer:
Money is not considered a capital resource because money is not productive. It provides access to resources but itself does not directly contribute to the production of goods and services.
Entrepreneurial ability does directly produce goods and services; it organizes the resources that do. Entrepreneurs are risk-takers.
Explanation:
Answer:
The correct answer is (C)
Explanation:
Georgette and Ted both have different leadership styles, Georgette uses competitive style which is aggressive and assertive in communication. Likewise, ted has a different leadership style which is accommodative. Ted is cooperative and friendly which is why whenever they fight he try to calm things down, so he wants her to be happy.
Answer:
Quarterly
Explanation:
According to the provisions of the Investment Advisers Act of 1940, in the case when an advisor takes the customer custody in term of funds or securities so the account statement must be sent to the customer on the a quarterly basis i.e. four times in a year. Here four times means every three months
therefore as per the given situation, the quarterly is the answer
