Find the effective rate of interest if payments of 300 at the present, 200 at the end of one year, and 100 at the end of two years accumulate to 800 at the end of three years.

Answers

Answer 1

Answer:

12.93%

Explanation:

Given that the amount of 300 is invested for 3 years, while the amount of 100 is invested for 2 years and 100 is invested for 1 year.

also amount accumulated in three years = 800

Applying the formula to find the future value we get

300(1+r)^3 + 200(1+r)^2 + 100(1+r) = 800

which can be further simplified to

300r^3+1100r^2+1400r+600=800

where, r is the effective rate of interest which we have to find out

The above equation is cubic in r, so to solve this we can use equation solver. When we put this equation in equation solver we get

r = 0.12926

r ≅ 0.1293

Therefore,  effective rate of interest  = 12.93%


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Answers

Answer:

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Answer:

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Columbia Bank & Trust has just given you a $20,000 term loan to pay for a new concrete mixer. The loan requires five equal annual end-of-the-year payments. If the loan provides the bank with a 12 percent return, what will be your annual payments?

Answers

Answer:

$5,548.19

Explanation:

According to the scenario, computation of the given data are as follows,

Principal payment (p)= $20,000

Rate of interest (r) = 12%

Time period (t) = 5

So, we can calculate the annual payment by using following formula,

Annual payment = [p×r×[tex](1+r)^{t}[/tex]] ÷ [ [tex](1+r)^{t}[/tex]-1]

By putting the value, we get

= [$20,000×0.12 [tex](1+0.12)^{5}[/tex]] ÷ [[tex](1+0.12)^{5}[/tex]-1]

By solving the equation, we get

= $5,548.19

Hence, the annual payment will be $5,548.19.

A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of size (measured in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace, 1 if there is a fireplace). Part of the regression output is provided below based on a sample of 20 homes. Some of the information has been omitted.


Variable Coefficients Standard Error t-Stat

Intercept 128.93746 2.6205302 49.203

Size 1.2072436 11.439

FP 6.47601954 1.9803612 3.27

a. The estimated coefficient for size is approximately _____.


b. How many predictors (independent variables) were used in the regression?

Answers

Answer:

a. The estimated coefficient for size is approximately 13.81.

b. In the regression, two predictors are used. These two predictors are size and fireplace (FP).

Explanation:

a. The estimated coefficient for size is approximately _____.

Estimated coefficient for size = Standard Error of size * t-Stat of size =  1.2072436 * 11.439 = 13.81

Therefore, the estimated coefficient for size is approximately 13.81.

b. How many predictors (independent variables) were used in the regression?

Independent variables can be described as variables that are changed or manipulated in order to measure the effect of their changes on the dependent variable. Independent variables are therefore also called predictors because they employed to predict the dependent variable.

In the regression, two predictors are used. These two predictors are size and fireplace (FP).

what are rock layers​

Answers

Answer:

the answer is isStratum

The SmartArt icon will allow you to include which of the following on a slide?

Answers

I think the answer is Graphs, I hope this helps

businesses today succeeded or fail based on their ability to___

A. innovate with technology to meet their customers needs
B. adopt customized software to their needs
C. raise expenses to match revenue
D. open multiple channels of sale
E. butter (im joking at this option but i need the right answer)

Answers

The answer would be A. innovate with technology to meet their customers needs.

Philip earns $980,000 per annum. He is allowed a tax free income of
$50,000. Then his taxable income will be $______
and tax paid at 6% will be $_____
per annum.

Answers

Answer:

His taxable income is $930,000.

Tax paid at 6% will be $55,800 p.a

Shady lawyer. Brice had a number of ethical issues come up in law school involving alleged cheating but managed to graduate because nothing was ever proven. Upon obtaining his law license, Brice enjoyed living "on the edge" and engaged in tactics that were at least questionable. One of his clients was an older gentleman, Sam, with significant assets and significant legal issues involving a messy divorce stemming from his involvement with a local dog groomer, Susie. Brice told Sam that he felt certain that he could arrange matters so that Sam could live happily in the Caribbean with Susie but that, in addition to paying a hefty legal fee, Sam would need to name Brice as a significant beneficiary in his will and give Brice power of attorney over his assets. Sam agreed to do so. He gave Brice power of attorney and changed his will to reflect that upon his death, Brice would receive half his estate. The other half went to Susie. Sam also paid the hefty legal fee Brice demanded. At that point, Brice agreed to proceed with negotiations in the divorce. Shortly after the divorce, Sam had an unexpected heart attack and died immediately. Susie, the executor of the will, told Brice that she was reporting him to the state bar association and that he was not entitled to any assets from the estate. Brice told Susie that he knew that Susie had failed to pay income tax for all her dog grooming and that he was reporting her unless she kept her mouth shut and consented to the terms of the contract. Brice also said that in return for keeping his mouth shut, he wanted additional sums purportedly for his work on Sam's divorce. Assuming that Sam had paid all amounts validly due from the divorce proceeding, which of the following is true regarding Brice's attempt to obtain additional fees?
A. Brice has caused Susie to experience duress.
B. Brice has unduly influenced Susie.
C. Brice has caused Susie to experience duress and unduly influenced Susie.
D. Brice has committed intentional wrongful disclosure.
E. Brice is not guilty of anything, so long as he used no physical force to obtain Susie's agreement.

Answers

Answer:

A. Brice has caused Susie to experience duress

Explanation:

Based on the information given BRICE HAS CAUSED SUSIE TO EXPERIENCE DURESS is true regarding Brice's attempt to obtain additional fees based on the fact Brice is threatening , Forcing and persuading Susie to do things against her will by threatening to report her due to her failure to pay income tax because she said that Brice does not have the legal right to obtain the money from the estate unless she kept her mouth shut and agree to the terms of the contract, which inturn makes Brice to attempt to collect additional fees based on Sam divorce case in return for not reporting her.

list two of three places where a student can learn about apprenticeship opportunities

Answers

Answer: The first and really the best way is Job corps, trade schools, and a regular fast food restuarant

Explanation: But Job corps is better you get a place to stay you get all the benefits like medical coverage, child services, food, drivers liscence, and you can learn over 50 things to do.

The two places where a student can learn about apprenticeship opportunities are Job corps, trade schools.

What is apprenticeship?

Apprenticeship is a system for educating a new generation of practitioners of a trade or profession through on-the-job training and, in some cases, additional study.

Apprenticeships can also help practitioners obtain a license to work in a regulated occupation. The majority of their training is completed while working for an employer who assists apprentices in learning their trade or profession in exchange for continued labor for an agreed-upon period after they have demonstrated measurable competencies.

Therefore, Job corps, trade schools are the best places  where a student can learn about apprenticeship opportunities.

To learn more about apprenticeship, click here:

https://brainly.com/question/779411

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Personal Financial
Literacy

Answers

Answer:

You would have to answer this because I dind't read the story.

Explanation:

Helpmeeeeeeeeeeeeeee

Answers

Answer:

18. b : most economic decisions are made by buyer and sellers

19. b : federal income tax

Explanation:

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