Answer:
because you need to know certain things to be able to understand and properly do a job
Explanation:
Answer:
6.9%
Explanation:
The May be life insurance corporation is trying to sell an investment policy
This policy will pay $33,000 per year forever
A sales associate mention that the policy would cost $478,000
Therefore, the interest rate at which it will be a fair deal can be calculated as follows
Interest rate= Annual inflows/present value
= 33,000/478,000
= 0.0690×100
= 6.9%
Hence the interest rate at which it would be a fair deal is 6.9%
Answer:
15.44 years
Explanation:
Using both excel rate function and financial calculator, the time taken to repay the debt can be computed thus:
Excel rate function:
=nper(rate,pmt,-pv,fv)
rate= interest rate=4%
pmt=yearly payment=c
pv=loan oustanding=-39000
fv=the balance after all payments should be zero=0
=nper(4%,3435,-39000,0)= 15.44 years
Financial calculate
PMT= 3435
RATE=4
PV=-39000
FV=0
CPT N=15.44 years
This means a payment of $3,435 per year for 15 years and $ 1,511.40 ($3,435*0.44) in the sixteenth year
Answer:
Explanation:
Mixing and matching financial institutions and their services involves using services of different financial institutions. The benefits of doing this is to utilize their different lending and borrowing interest rates. One that has the lowest lending interest rate will be used to get credit and the one with the highest savings rate will be chosen for investments. Another benefit is to minimize fees, minimize risk of loss could there be a bank-run and to also enjoy the increase in flexibility that comes with managing money in different accounts.
Answer:
The correct answer is option D.
Explanation:
The Bureau of Labor Statistics is a unit under the US department of labor. It is tasked with collecting information on the labor market, prices, and productivity and provide statistical data on its basis.
The unemployment rate is calculated on the basis of data collected through a monthly survey called the current population survey.
The part of the adult population which is either working or do not have a job but are actively looking for one are included in labor force. Discouraged workers or those who are unemployed but not looking for jobs actively are not included.
Unemployed homemakers are not counted as employed, they are not included in the labor force either. They are considered out of the labor force as they do not have a job and are not looking for one.
All full time and part-time workers are counted as employed.