Answer and Explanation:
The computation is shown below:
For three months
Simple yield is
= Discount ÷ Price at sale
= 6.07 ÷ 9993.93
= 0.0607%
And, the annualized yield is
= 0.0607% ÷ 3 × 12
= 0.2428%
For 6 months
= Discount ÷ Price at sale
= 23.07 ÷ 9976.74
= 0.2312%
And, the annualized yield is
= 0.2312% ÷ 6 × 12
= 0.4625%
If Felipe gets his inheritance then he and Mary can clinch their deal successfully and according to the terms they have worked out so that he will owe her $99,000 and she will get this money and he will get presumably a nice house.
Answer:
$1,680
Explanation:
during the first 5 years, the monthly payment will = $2,816.18
I prepared an amortization schedule. After the 60th payment, the principal owed = $335,580
the new monthly payment considering that the interest rate fell significantly to 3.5% = $1,680
calculation to determine the monthly payment:
present value of the loan = monthly payment x PVIFA
monthly payment = present value / PVIFA
PVIFA, 0.29167%, 300 periods = 199.7501
monthly payment = $335,580 / 199.7501 = $1,680
The answer is Purchasing power parity or the PPP. PPP is a hypothesis which expresses that trade rates between monetary forms are in balance when their acquiring power is the same in each of the two nations. Relative acquiring power equality is a financial hypothesis which predicts a connection between the swelling rates of two nations over a predetermined period and the development in the conversion standard between their two monetary forms over a similar period. It is a dynamic rendition of the total PPP hypothesis.
