Answer:
C. Mortgage bond rated AAA is the correct answer.
Explanation:
Answer: The answer is $1,092,865.5426
To the nearest whole dollar, we have:
$1,092,866
Explanation: from the question above, we will be calculating the present value of a cashflow of $93,000 over a period of 20 years, at a rate of 5.76%.
We will be performing a discounting operation.
Refer to the attached files below to see the calculations and how we arrived at the answer above.
Answer:
$ 14,267.88
Explanation:
The total cost of leasing the jeep will be
Title fee : = $45.00
License fee: =$60.00
Monthly fees: $209.00 x 60 = $12,540
charges for miles above 60,000 miles (73,524 -60,000)
=$0.12 x 13524
=$1,622.88
Total cost = $45 +$60 + $12,540, + $1,622.88
Total cost = $ 14,267.88