Answer:
$110,082
Explanation:
1. Year 0 - year 12
PV = $-25,500 (Amount of deposit today)
i/r = 5.9%
n = 12 years
PMT = 0 (no annual deposit)
FV (Value of deposits at end of year 12) =?
Using financial calculator, FV = $50,733
2. Year 13 - Year 27
PV = $-50,733
i/r = 5.3%
n = 15 years
PMT = 0 (no annual deposit)
FV (value of deposit at end of year 27) = ?
Using financial calculator, FV(27) = $110,082
Answer:
578.22
Explanation:
Oct 1st $ 21,000 at 10%
Dec 6th $ 5,000 at 9%
Dec 16th $ 4,000 at 11%
Principal x rate x time = interest
being rate and time expressed in the same metric.
21,000 x 0.10 x (31 + 30 + 31)/365 = 529.3150685
5,000 x 0.09 x (31-6)/365 = 30.82191781
4,000 x 0.11 x (31 - 16)/365 = 18.08219178
Total interest accrued: 578.2191781
Answer:
B. has a higher market price per dollar of earnings than does one share of Turner's.
Explanation:
Answer: The statement given in the following question is <u><em>false. </em></u>
Explanation: While computing the effective interest rate method of amortization;<em><u> </u></em><u><em>we use the the market rate of interest thereby multiplying it by value of the bond at the beginning of the given period. </em></u>In the given question it's said that we consider the face value , which isn't right.
Therefore the statement given in the following question is <u><em>false. </em></u>