Answer:
The correct answer is "$7,630".
Explanation:
Assuming there are four weeks in a month, then
Joe's income will be:
= 
= 
($)
Zola's income will be:
= 
= 
= 
($)
hence,
The combined gross monthly income will be:
= 
= 
= 
($)
Answer:
20%
Explanation:
The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.
IRR can be calculated using a financial calculator:
Cash flow for year zero =-302,820
Cash flow each year from year one to seven = 84,000
IRR = 20%
To find the IRR using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
I hope my answer helps you
Answer:
Forecast exchange rate = $2.29(Approx)
Explanation:
Given:
Exchange rate = $1.95
Inflation rate difference = 2.6% - 20% = 17.4%
Computation:
Forecast exchange rate = 1.95 / (1-17.4%)
Forecast exchange rate = $2.29(Approx)
Answer:
0.00573
Explanation:
Cost of the bond today = $99.43
Value of bond at end of year = $100
Difference = $100 - $99.43 = $0.57
This $0.57 represents earnings on such bond value, that is yield on the bond.
Thus, yearly yield = $0.57/$99.43 = 0.00573
This value represents the discount rate of 1 year on $100 that is for which present value $99.43.
Final Answer
0.00573
