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Romashka [77]
3 years ago
14

Marit Brunsell deposited $50,000 at Bank of America at 8% interest compound quarterly. What is the effective rate (APY) to the n

earest hundredth percent?
Business
1 answer:
Musya8 [376]3 years ago
5 0

Answer:

EAR = 8.24%

Explanation:

EAR = (1+APR/n)^n-1

Where  n is number of compounding per year = 4

EAR = (1+8%/4)^4 - 1

EAR = (1 + 0.02)^4

EAR = (1.02)^4

EAR = 1.08243216 - 1

EAR = 0.08243216

EAR = 8.24%

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When traveling to another country you have the choice of paying for the stay when you book the reservation or when you check out
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Answer and Explanation:

In the given situation, it is mentioned that while travelling to another country you have two choices for paying at the time of booking or at the time of checking out. Now at Jan the person made a reservation for staying at Italy and completed the stay as on April 30th so here the change in inflation would be matters whether it is increasing or decreasing. It is better to pay off at advances as there is a chances that the price could rise in near future

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Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend
tensa zangetsu [6.8K]

Answer:

  • What is the maximum amount you should pay to purchase a share of Angelina's stock.

    $36,00

Explanation:

The dividend discount model state that the price of a stock should be the result of the Present Value of all of its future dividends, the Gordon growth model indicates that:  

Price per Share = D / (r - g)  = $2,16 / (0,10-0,04) = $36

Where:

D = the estimated value of next year's dividend  

r = The required rate of return

g = the constant growth rate

To this case the value is: $2,16 / (0,10-0,04) = $36

5 0
3 years ago
D is the policyowner and insured for a $50,000 life insurance policy. The beneficiary is D's wife. D and his wife divorce and D
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4 years ago
Read 2 more answers
Turn to Part C of the Systems Analyst’s Toolkit and review the concept of net present value (NPV). Determine the NPV for the fol
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Answer:

$-13,975.91

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

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Cash flow in year 1 =  $30,000

Cash flow each year from 2 to 5 =  $20,000

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NPV = $-13,975.91

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

5 0
3 years ago
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