If Rita receives $36.44 interest for a deposit earning 6% simple interest for 10 days, what is the amount of her deposit? (Round your answer to the nearest cent.) $
Q: BQ, Incorporated, is considering making an offer to purchase iReport Publications. The vice…
A: iReport Information Price earning ratio = Market Price / Earnings Price earning ratio = 8.80…
Q: Over the last 120 years, few countries have achieved the realized rate of returns enjoyed by US…
A: International diversification is a method of investing in international assets which will be helpful…
Q: There is a bond that has a quoted price of 93.105 and a par value of $2,000. The coupon rate is 6.48…
A: Yield to maturity can be calculated by following function in excel =RATE (nper, pmt, pv, [fv],…
Q: Your factory has been offered a contract to produce a part for a new printer. The contract would…
A: Cash flow (Year 0) = - $7,970,000 Cash flow (Year 1 - 3) = $4,940,000 Internal rate of return (IRR)…
Q: The payback method measures: The profitability of an investment. The net cash inflow from an…
A: Pay back period is most popular method of capital budgeting decisions and is quite simple to use and…
Q: What is the value today of a money machine that will pay $1,548.00 per year for 17.00 years? Assume…
A:
Q: having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rivers Bank.…
A: The effective interest rate is interest rate considering after the impact of compounding on the…
Q: The current market value of a firm’s share is $32 million, with 20 million shares outstanding. The…
A: The price to earning valuation model is a model for determination of value of company on the basis…
Q: Your friend offers to pay you an annuity of $9,300 at the end of each year for 3 years in return for…
A: Solution:- When an equal amount is paid each period at end of period, it is called ordinary annuity.…
Q: Answer the following: a. Explain why the interest parity condition must hold if the foreign exchange…
A: Foreign exchange market is referred as the market, where the different currencies used to get…
Q: Q1. The manager of a MacDonald franchise wants to know how many happy meals his workers could…
A: Total consumption can be calculated as follows = Units required per box multiplied by the total…
Q: A family has a mortgage on a home for $295,000, amortizea over 25 years, at all Arn UI 4.5%. The…
A: Loan Amount $ 2,95,000.00 Interest Rate 4.50% Time Period 25.00…
Q: Two debts, the first of $1900 due three months ago and the second of $1600 borrowed two years ago…
A: Let us calculate the FV, one year from now of the first debt worth $1900 due 3 months ago.FV = PV x…
Q: Wanda is thinking of buying stock X at the beginning of the year. By the end of the year, the market…
A: In the question, we have to calculate value of stock at the beginning of the year. Dividend discount…
Q: ABC Corporation has the following information to estimate its liquidation value. Cash = 50,000…
A: Net liquidation value of the corporation will be the difference between all realised assets and net…
Q: Consider sharing of income risk as a gain from marriage. Assume that individual incomes Y are drawn…
A: Risk aversion: The investor who favors capital preservation above the possibility of earning a…
Q: yields of $1000 dollar par value zero-coupon government bonds (ignore liquidity premiums) are tabled…
A: 2 year interest rate 3 years from now is calculated using following equation [1+f(T*,T)]T =…
Q: Which of the following statements is correct? Select one: a. Assuming a correlation…
A: The combination of stock will reduce the overall risk of the portfolio but it it depends on the…
Q: Gazelle Motors paid a dividend of MUR 2(i.e., Do = MUR2.00). The dividend is expected to grow by 90%…
A: As per Gordons growth model, P = D1 / (Ke-g) P = stock price D1 = value of next…
Q: What is the relationship of business risk, financial risk, and stand-alone risk? How to calculate…
A: Risk refers to the proportion of uncertainty arising as a potential financial loss inherent while…
Q: Finance You own a convertible bond issued by a company and this gives you the option to switch the…
A: Convertible Bonds are issued by a company that gives the holder the option to switch the bond into a…
Q: 1.) Accounting measures of performance Consider an asset with the following cash flows: Cash flows…
A: Accounting Rate of Return: The average net income an asset is anticipated to provide divided by its…
Q: Much concern has been noted on declining housing prices recently brought about by the increase in…
A: Interest rate: The amount of investment in the economy is influenced by the interest rate. Greater…
Q: Why would a financial institution’s PEP customers be required to provide documentation to evidence…
A: Given, Political Exposed Persons (PEPs) are characterized as high-risk clients who have better…
Q: A retired couple buys a new recreational vehicle (RV) for $42,000.00. They make a down payment of…
A: Future Value The value of an asset at a future date is its future value. The present value is…
Q: s it still beneficial for a person to have an insurance policy? Explain your answer in detail.
A: Insurance Policy - It is a written document between the insurer and policy holder. In which insurer…
Q: How much would $2,875 due in 50 years be worth today if the discount rate were 7.5%? Select the…
A: Present value factor can be calculated as follows = 1/(1+i) + 1/(1+i)^2 + 1/(1+i)^3 + 1/(1+i)^n…
Q: Blakemore Inc.'s $1,000 face value bonds mature in 12 years and currently sell for $1,055.00. They…
A: Price of bond is the present value of coupon payment and present value of par value of bond taken on…
Q: ABC and XYZ have total equity values of P5,000,000 and P10,000,000 respectively. If they merged, a…
A: We need to use constant growth model to calculate share price after merger. Stock price(P0) =D1rs -g…
Q: Assume that the average firm in C&J Corporation’s industry is expected to grow at a constant rate of…
A: The Dividend Discount Model: The dividend discount model recognizes that the dividends declared by a…
Q: The table below depict the expected return CCC Berhad and XXX Berhad for April and May: a)…
A: Here,
Q: App Holdings is expected to pay dividends of $1.50 every six months for the next three years. If the…
A: Semiannual dividend for three years (D) = $1.50 Semiannual cost of capital (r) = 0.09 (i.e. 0.18 /…
Q: The management of River Corporation is considering the purchase of a new machine costing $380,000.…
A: Average rate of return = (Average annual net income / Average Investment)
Q: Why is depreciation and interest expense in the excel 300,000 if it states its 3 million?
A: 3 million = 3,000,000
Q: Sutton Corporation, which has a zero tax rate due to tax loss carry-forwards, is considering a…
A: Loan vs lease: Personal loans, home loans, student loans, and other sorts of loans are available.…
Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…
A: Here, Original financing years = 30 years To Find: Interest savings =?
Q: A P15,000 loan at 12% compounded quarterly is to be amortized every 3 months for 12 years. Find the…
A: Here, To Find: Quarterly payment =? Construction of amortization schedule =?
Q: A stock with a current market price of $50 has an associated put option priced at $6.5. This put…
A: The put option is the option for selling an underlying security. It is a bearish position which will…
Q: - The P 1,000,000 face value ABC bond has a coupon rate of 6%, with interest paid annually, and…
A: Given, The face value of bond is P 1,000,000. (1000 thousand) Coupon rate is 6% term to maturity is…
Q: Economy will improve vastly next year, and that many freight customers will gradually switch from…
A:
Q: At the end of 2020 and the beginning of 2021, coupon rates on long-term T-notes and T-bonds were…
A: T notes and T bonds are the government secured investment wherein the fixed rate of return is…
Q: Describe some of the barriers to international portfolio diversification.
A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…
Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…
A: Future value = Present Value×[1+Periodic interest rate]^n n = Number of periods = 30 Periodic…
Q: Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two…
A: Times interest earned ratio = Earnings before interest and tax/Interest expense
Q: pia Inc. issued bonds for $375,000 that were redeemable in 5 years. They established a sinking fund…
A: The bonds are paid by the monthly payments that are to be accumulated over the period of time by…
Q: A writer sells 100 call options with strike $46 for $0.94 each and deposits these premiums in a…
A: A writer receives the premium for the call option sold. He receives $0.94 per option.The amount he…
Q: Explain why we de-lever and re-lever the ³₁.
A: Beta Beta is a measure of systematic risk. It measures the volatility of a portfolio or a security…
Q: how was the rate found?
A: Details about property are as follows: Name of Item Date of purchase Relates to which Quarter…
Q: Under the gold standard, when annual goods production outstrips the annual production of gold the…
A: Under gold standard, a country's money was linked to the amount of gold that the country had.…
Q: What is the difference between the interests offered by the two companies?
A: The formula to calculate the simple interest is as follows:I = P X R X TWhere P is the principal…
If Rita receives $36.44 interest for a deposit earning 6% simple interest for 10 days, what is the amount of her deposit? (Round your answer to the nearest cent.)
$
Step by step
Solved in 2 steps
- If Rita receives$45.44interest for a deposit earning4%simple interest for 130 days, what is the amount of her deposit? (Round your answer to the nearest cent.) $___________.If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of 6%/year compounded monthly, how much will he have on deposit in his savings account at the end of 5 yr, assuming he makes no withdrawals during that period? (Round your answer to the nearest cent.) $ Need Help? Master ItIf Greg borrows $140.00 from the bank at 6.5% exact simple interest, how much interest does Greg owe if he pays back the money after 250 days? (Note: You should include a dollar sign and be accurate to two decimal places)
- Find each future value of single deposit by using the future value of a single deposit formula. 8. John opens a passbook savings account with $100. It pays 3.5% interest compounded quarterly. What will be the balance after one year?If you deposit $250 each month into an individual retirment account that earns 4.8% interest compounded monthly, a.) How much will you have in the account 30 years from now ? b.) What is the interest earned on the account ?Lara's $600 deposit earned $120 at 2.7% simple interest . How long was the money on deposit?
- You deposit $650 in a savings account. How long does it take an account with an annual interest rate of 5% to earn $178.25 in interest? Round your answer to the nearest tenth.If you would like to make $1818 in 3 years, how much would you have to deposit in an account that pays simple interest of 1%?Every year you deposit $3,500 into an account that earns 19% interest per year, What will be the balance of your account immediately after the 40th deposit? Click the icon to view the interest and annuity table for discrete compounding when / 1% per year. Choose the correct answer below. O A. $165,837 O B. $123,795 OC. $171,102 OD. $172,813 OE. $140,000
- Shelly Obama Sanders gets a loan for $3,000 and repays the loan in 12 monthly payments of $258.75 per month. Under the APR formula, what is the amount of interest included in her first payment? Keep your answer to two decimal placesImelda opens a savings account with $12,000, which pays an annual interest rate of 7.8%. If she reinvests the generated interest every month and also deposits $2,300 each month, how much will be in the account after 2 years? The interest is reinvested on the same day as the $2,300 deposit. Otions: 69177.89 71052.15 73548.61 70524.79You deposit $1.2 milion into vour account to cover expenses in the next 12 vears. The account earns interest at the rate of 4%, compounded annually. Assume you expect the balance of the account to be $0 at the end of the 12th year. A) What annual level of living expenses Will your initial deposit support. (e.g., what equal annual withdrawal can you make for the next 12 years )? b) Suppose you realize your living expenses will increase at an annual rate of 2% due to inflation. Determine the updated annual spending plan in the line with this model how much can you withdrawal at the end of the first year. knowing that your withdrawal will increase by 2% each year? C) Suppose the initial deposit is still planned to support your equal annual expenses in the next 10 years as in part a but don't need to withdraw any money from your account for the first 6 years. You will withdraw from your account annually starting from the end of year 7 till the end of year 12. What annual level of living…