Answer: $1,021,382
Explanation:
The Consumer Price index (CPI) is an economic measure that enables us calculate inflation. It checks for a price changes in a group or basket of goods and then averages these price changes to find out how much they may have changed overtime.
A higher CPI means prices have increased.
CPI can then be used to calculate the potential values of goods in different years using another year as a base. This means that prices of goods in one year can be written in terms of prices in another year.
This can be done by Dividing the CPI in the current year by the CPI in the base year (year being expressed in terms of) and then multiplying the result by the price of the good in question.
In this case the good is the salary of $75,000.
The 2007 equivalent of a 1931 salary will therefore be,
= 75,000 * ( 207/15.2)
= $1,021,381.57
= $1,021,382
That's the amount of charges owed to the credit card company.
Answer:
Amount to be paid annually by Ned Winslow = $8461.35
Explanation:
Fv = <u>A ( 1 + r)∧n - 1 </u>
r
90,000 = <u>A ( 1 + 0.08)∧8 - 1</u>
0.08
90,000 = <u>A ( 1.8509 - 1)</u>
0.08
90,000 = 10.6366A
A = 90,000/10.6366
= $8,461.35
Answer:
The statement that is not true of this ceremony is:
F. it is essentially about the individual rather than the community
Explanation:
The focus of this communal rite of passage is not the individual but the community because during the rite, the sense of the individual is replaced by the sense of the community. It instils in the initiates a sense that they are no longer individuals but members of the community with some rights and privileges. Community values are communicated through a sophisticated system of beliefs and practices that affirm sacred cycles.
<span>A debenture is a type of debt instrument that is not secured by physical assets or collateral. Debentures are backed only by the general creditworthiness and reputation of the issuer. Both corporations and governments frequently issue this type of bond to secure capital. Like other types of bonds, debentures are documented in an indenture.
Debentures have no collateral. Bond buyers generally purchase debentures based on the belief that the bond issuer is unlikely to default on the repayment. An example of a government debenture would be any government-issued Treasury bond (T-bond) or Treasury bill (T-bill). T-bonds and T-bills are generally considered risk free because governments, at worst, can print off more money or raise taxes to pay these types of debts.
Debentures are the most common form of long-term loans that can be taken out by a corporation. These loans are normally repayable on a fixed date and pay a fixed rate of interest. A company normally makes these interest payments prior to paying out dividends to its shareholders, similar to most debt instruments. In relation to other types of loans and debt instruments, debentures are advantageous in that they carry a lower interest rate and have a repayment date that is far in the future.</span>
