I believe it’s 4 since you have to go to class and introduce yourself to the teachers so he/she will know you better and know how they can help you and when going to their office hours they can help you with anything that you are having trouble with.
Answer: Thomas’ age is 15
Explanation:
T + 2T = 45
3T = 45
Divide both sides by 3
T = 15
Answer:
A. 3403.75 dollars
B. 3150
C. 0.579
D. Is an attachment
Explanation:
A. We first find the premium cost
= 0.05x5000 x 1+0.06/4
= 250x1.015
= 253.75
From here we find expected dollar cost
= Exchange rate x units + premium
= 0.63x5000+253.75
= 3,403.75 dollars
B. Forward rate = 0.63
Total cost of dollar
= 0.63x5000
= 3150
C. The investor would be indifferent at 0.579
Forward rate = unit * future + premium
3150 = 5000 * future + 253.75
3150-253.75 = 5000*future
We solve and divide through by 5000
Future = 0.579
D is in the attachment
Answer:
Annual payment= $57,928
Explanation:
Giving the following information:
Allison and Nick anticipate they will require an annual income of $50,000 when they retire 15 years from now.
They expect to receive Social Security benefits of $20,000 per year at that time. In calculating their retirement savings need, the couple is assuming a 3% annual rate of inflation, an 8% return on investments, and a 25-year retirement period.
First, we need to calculate how much money they need on retirement:
25 years * 50000= $1,250,000
i=8%-3%= 5%
To calculate the annual payment we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,250,000*0.05)/[(1.05^15)-1]= $57,928