The correct statement is that at the end of two years a total interest of 1246.10 has been paid on a principal of $11940, where the interest rate is 7.45 percent. So, the correct option is B.
The calculation on monthly payment of interest can be done by ascertainment of the interest paid for two years and division of such amount by total number of months.
<h3>Calculation of Monthly Payment</h3>
We know that the interest to be paid for the first year will be close to $902 and that for the second year will be calculated as follows,
So, the total interest paid at the end of the second year will be,
So, the total interest paid fully at the end of two years will be $1246.10
Hence, the correct option is B that the total interest of 1246.10 has been paid on a principal of $11940 at the end of two years upon monthly payments of such years.
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Answer: The current market price is below the PV
Explanation:
The discounted cash flow method is when the time value of money is being used to value a project, security, company, or an asset.
When the discounted cash flow method is used to determine the appropriate value of a security, it is vital to buy the security when the current market price is below the present value.
Answer
A. 25%
B.8%
C. 1.2%
Explanation:
a)
($250,000 − $200,000)/$200,000 = 0.25 or 25%
b)
($275 − $255)/$255 = 0.08 or 8%
Their was No exchange rate movements involved assets & returns all in U.S. dollars
c.
Step 1: £10,000 * $1.50/£ = $15,000 initial $ investment
Step 2: £10,000 * (1.10) = £11,000 at end of year
Step 3: £11,000 * $1.38/£ = $15,180 at end of year
Step 4: ($15,180 - $15,000)/$15,000 =
0.012, or 1.2%
Answer:
The Capacity utilization rate is 73.94 units per hour for the month.
Explanation:
Provided data,
Output rate = 160 units per hour
In the month of July,
Total production hour = 295 hours.
Total units = 34900 units.
Ideal output units in the month of July = output rate × total production hour
= 160 × 295
= 47200 units.
Capacity utilization rate of production shop is given by,
Utilization rate = (output unit in July ÷ idea output) × 100
= (34900 ÷ 47200) × 100
= 0.7394 × 100
= 73.94 units per hour
So, the Capacity utilization rate is 73.94 units per hour for the month.
Answer:
<em>the meaning of taxation is the levying of tax.</em>
