Answer:
B. $2,554.37
Explanation:
In this question we use the Future value formula which is shown below:
Future value = Present value × (1 + rate)^number of years
where,
Present value = $2,400
Rate = 0.625 ÷ 12 = 0.0052083333
Number of years = 1 month × 12 months = 12
So, the future value
= $2,400 × (1 + 0.0052083333
)^12
= $,2,400 × 1.0643218146
= $2,554.37
New classical economists believe fiscal policy is ineffective because any increase in government spending will cause households to spend less.
A government is a system or group of people that governs an organized community (generally a state). In the broader associative definition, government usually consists of legislative, executive, and judicial branches.
Government is the body through which leaders exercise the power to make and enforce laws. The basic functions of government are leadership, maintenance of order, provision of public services, provision of national security, provision of economic security, and provision of economic assistance.
Government is defined as the exercise of control or power over a group of people. An example of a government is the British Parliament.
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In the sentence, "E<span><span>xercise can increase the muscle's’ ability to store energy";
</span><span>The word <u>ability </u>is the direct object in the sentence.
</span>
A</span><span> <u>direct object</u> of a </span>verb<span> is the receiver of the action.</span>
Full Covenant and Warranty Deed. This type of deed simply conveys the grantor's rights or interest in real estate, without any agreement or covenant as to the nature or extent of that interest, or any other covenants.
<h3>What is
Warranty Deed?</h3>
- A bond proves that the grantee has clear ownership of the property and has the right to sell it to the grantee, as opposed to a receipt that does not guarantee that the seller owns the title.
- It is a kind of certificate that guarantees of properties.
- A general Warranty Deed protects the beneficiary against legal defects that may arise at any time and are traced back to the origin of the property.
- The Special Warranty Deed only protects the grantee against legal defects resulting from acts or omissions of the grantor.
- Warranty Deed may contain six traditional forms of covenants of title, sometimes referred to as English covenants of title.
- These six traditional forms of alliance can be divided into her two categories : Current and future alliances.
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Answer:
The answer is 12.83%.
Explanation:
We have the below calculations:
- Coupon payment = 1,000 x 9% = $90;
- Purchasing price = $1,000;
- Price sold after 3 years is equal to the present value of 9 annual coupon payments plus face value repayment after 9 years, discounted at YTM at the time of sell at 7%;
=> Price after 3 year = (90/0.07) x ( 1- 1.07^-9) + 1,000/1.07^9 = $1,130.3;
The holding period yield (HPY) is the discount rate that equalizes cash flow from 3 years of holding the bond to its original purchased price:
1,000 = (90/HPY) x [1 - (1+HPY)^-3] + 1,130.3/ (1+HPY)^3 <=> HPY = 12.83%.