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2 years ago

9

Perhaps you think it will be easy to make responsible decisions regarding auto loans in your future . But , decision making can

be tricky when you're considering your dream car. Follow the directions on the sheet to complete the activity

1 answer:

Elina [12.6K]2 years ago

5 0

Answer:

From this worksheet, I have noticed that following directions to receive your dream car is tricky as well as fun

;)

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An investor borrows an amount at an annual effective interest rate of 5% and will repay all interest and principal in a lump sum

Ghella [55]

Answer:

d. 101

Explanation:

first we must determine the amount of the loan:

PV of face value = $1,000 / (1 + 3%)²⁰ = $553.68

PV of coupon payments = $40 x 14.877 (PV annuity factor, 3%, 20 periods) = $595.08

Loan amount = $1,148.76

Future value of the loan = $1,148.76 x (1 + 5%)¹⁰ = $1,871.21

You will receive 20 coupon payments of $40 each, which will be reinvested at 2% semiannual rate. You will also receive $1,000 corresponding to the face value of the bond.

Future value of the coupon payments = $40 x 24.297 (FV annuity factor, 2%, 20 periods)] = $971.88

Total money received at the end of the 10 year period = $971.88 + $1,000 = $1,971.88

Gain = $1,971.88 - $1,871.21 = $100.67 ≈ $101

7 0

2 years ago

Whatever, Inc., has a bond outstanding with a coupon rate of 5.87 percent and semiannual payments. The yield to maturity is 6.9

leonid [27]

Answer:

Market price of the bond = $912.53

Explanation:

YTM = 6.90%

Coupon rate = 5.87%

Number of compounding per year = 2

YTM Per perid = 0.0345

Years = 13

Number of period = 26 (Nper)

Par value = 1,000

Semi annual coupon rate = 0.02935

The semi annual coupon payment = Par value * Semi annual coupon rate = 1,000 * 0.02935 = $29.35

Market price of the bond = PV(YTM, Nper, Semi annual coupon payment,Par value)

Market price of the bond = $912.53

6 0

3 years ago

The corporate charter of Imp Company authorized the issuance of 10 million, $1 par common shares. During 2021, its first year of

lesantik [10]

Answer:

Paid -in Excess capital as on December 31, 2021 $124 million

Explanation:

The computation of the amount reported as a additional paid-in capital is shown below

For Jan 1, 8 million × $15 $120 million

For June 3, 2 million × $18 ($36 million)

For December 28, 2 million × $20 $40 million

Paid -in Excess capital as on December 31, 2021 $124 million

7 0

3 years ago

How old does a senator have to be?

mafiozo [28]

Answer:

<em><u>Article 58.- To be a senator, the same requirements are required as to be a deputy, except age, which will be 25 years old on the day of the election.</u></em>

Explanation:

and i'm mexican

7 0

2 years ago

Read 2 more answers

The government of Concordia adopted expansionary fiscal policies in the last two years with the aim of increasing employment. H

yulyashka [42]

Answer:

The correct answer is letter "E": The government implemented a generous welfare plan 3 years ago to support people who cannot find work.

Explanation:

According to the excerpt, a government implemented fiscal policies to increase employment for the past two years but the rate has not risen since then. One of the reasons for such a situation could be <em>generous welfare support</em> implemented one year before the fiscal policy measures started.

<em>If the benefits for the unemployed increase they will be discouraged to return to the labor force</em>. It implies the government should keep the welfare benefits at a level from where unemployed individuals can cover basic needs only but encourage them to find a job to be productive for the economy.

6 0

3 years ago