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posledela
2 years ago
7

Maxwell purchased $30,000 worth of 52-week T-Bills for $29,650. What will be the rate of return on his investment? (Round you tw

o decimal places.)
Business
1 answer:
MaRussiya [10]2 years ago
4 0

Answer:

The rate of return per year = 1.18%

Explanation:

We know that 52 weeks = 1 year

Investment amount =  $29650

Now first find the return on investment by subtracting the purchase price from the actual value of T bills.

Return on the investment = Actual value of T bill – Purchase price  

Return on the investment = $30000 - $29650 = $350

The rate of return per year = (350/29650) * 100

The rate of return per year = 1.18%

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An investor buys a property for $608,000 with a 25-year mortgage and monthly payments at 8.10% APR. After 18 months the investor
vesna_86 [32]

Answer:

$71,520

Explanation:

we must first determine the monthly payment:

monthly payment = present value / annuity factor

  • present value = $608,000
  • PV annuity factor, 0.675%, 300 periods = 128.46

monthly payment = $608,000 / 128.46 = $4,732.99

Then I prepared an amortization schedule using an excel spreadsheet. After the 18th payment, the principal balance is $596,005.

The investor will have $667,525 - $596,005 = $71,520

Download pdf
6 0
2 years ago
MaryJane’s Bakery manufactures and sells a variety of baked goods. The selling price per dozen of chocolate glazed dunuts is $8.
Roman55 [17]

Answer:

$4.20

Explanation:

4 0
2 years ago
A broker followed the instructions in an escrow disbursement order. However, one of the parties to the contract sued the broker
densk [106]

The amount that should be associated with the given case is $16,000.

The computation is as follows:

= Money damages + cost of the court + attorney fees associated

= $8,000 + $3,500 + $,4500

= $16,000

In order to determine the value i.e. associated we add the above 3 items.

Therefore we can conclude that The amount that should be associated with the given case is $16,000.

Learn more about the broker here: brainly.com/question/1752402

4 0
2 years ago
Determining the Optimal Product Mix with One Constrained Resource Relax Spas provides two types of massage services, the Full Bo
m_a_m_a [10]

Answer:

Full body = $132

For trouble spots = $180

Explanation:

The computation of contribution margin per hour is shown below:-

For Full body

Contribution per service = $198

Massage time required in minutes = $90

Massage time required (90 min ÷ 60 min) = $1.5

Contribution per hour = $198 × $1.5

= $132

For Trouble spots

Contribution per service = $90

Massage time required in minutes = $30

Massage time required (30 min ÷ 60 min) = $0.5

Contribution per hour = $90 × $0.5

= $180

5 0
2 years ago
This year, Gogo Inc. granted a nonqualified stock option to Mrs. Mill to buy 10,000 shares of Gogo stock for $8 per share for fi
Anton [14]

Answer:

Gogo Inc. and Mrs. Mill

The Income that Mrs. Mill must recognize in the year of exercise is:

= $23,100

Explanation:

a) Data and Calculations:

Options given to Mrs. Mill = 10,000 shares of Gogo stock

Exercise price of the options = $8 per share

Period of option exercise = 5 years

Selling price of shares at grant date = $7.87

Selling price of shares at exercise date = $10.31

Compensation expense recorded by Gogo = $26,700

Cost of options to Mrs. Mill = $80,000 (10,000 * $8)

Income that Mrs. Mill must recognize in the year of exercise = $23,100 ($10.31 - $8) * 10,000

8 0
2 years ago
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