Answer:
$240.76
Explanation:
The formula to determine the annual deposit is :
p = FV / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
FV = Future value
P = Present value
R = interest rate
N = number of years
Annuity factor = (1.07^11 - 1) / 0.07 = 15.783599
p = $3800 / 15.783599 = $240.76
Answer:
Ethics
Explanation:
Ethics also called moral philosophy involves how an individual systemises, defends and recommends the concept of right or wrong.
Summer is facing an ethical decision of either returning the bag or keeping it for herself. Her decision will be based on her definition of right or wrong.
If her moral philosophy is one that does not see theft as something that is wrong, she will decide to keep the bag. If on the other hand she sees keeping the bag that is not her own as wrong she will decide to return it.
Amount of money deposited in the two accounts is 80% of 7500$.
Amount of money in the two accounts = 0.8 * 7500 = 6000$
Now assume that the amount deposited in CD account is m and the amount deposited in the saving bond is n.
m + n = 6000
Therefore: m = 6000 - n ................> equation I
Now we write another equation expressing the savings:
0.04m + 0.07n = 360 ............> equation II
Substitute with equation I in equation II:
0.04 (6000-n) + 0.07n = 360
240 - 0.04n + 0.07n = 360
0.03n = 120
n = 4000 $
Substitute with n in equation I to get the value of m as follows:
m = 6000 - n = 6000 - 4000 = 2000
Based on these calculations:
The amount of money deposited in the CD = 2000$
The amount of money deposited in the saving account = 4000$
Answer:
Answer is D. I, II, and III
Refer below.
Explanation:
You own $75,000 worth of stocks, and you are worried the price may fall by year end in 6 months. You are considering using either puts or calls to hedge the position. Given this, the following statements are correct:
I, II, and III
