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2 years ago

12

Jennifer opened a savings account a year ago. Her savings account earned $12 in interest and now has a balance of $1,012. What w

as her initial investment?(principal)

1 answer:

makkiz [27]2 years ago

3 0

$12 \div 103$
do this before look up online how many days is in the year do dvishion

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Paper Express Company has a balance sheet which lists $85 million in assets, $40 million in liabilities, and $45 million in comm

hoa [83]

Answer:

$90

Explanation:

Based on the information given we were told that after the assets was replaced at the amount of $115 million, the Company market share price was the amount of $90 which simply means that Paper Express's market value per share will be the market share price of the amount of $90.

Therefore Paper Express's market value per share will be $90.

8 0

2 years ago

A certain brand of shoes comes in 5 different styles, with each style available in 4 distinct colors. If the store wishes to dis

Naddika [18.5K]

In my guess there would be about 20

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2 years ago

Assume that you have invested $100,000 in Japanese equities. When purchased, the stock's price and the exchange rate were ¥100 a

natima [27]

Answer:

4.76%

Explanation:

The computation of dollar rate of return is shown below:-

Initial investment in USD = 100,000

Converted to Japanese Yen at Yen 100 ÷ 1 USD = 10,000,000

Stock Price in Yen = 100

Number of shares purchased = 100,000

At year end sale price at 110 = 11,000,000

Out of this proceed, the investor will sold 10,000,000 Yen as per Forward contract at 105 Yen/USD and rest 1,000,000 at 110 Yen/USD

Dollar Proceed Equivalent USD

10,000,000 Yen at 105 Yen/USD 95,238

(10,000,000 ÷ 105)

1,000,000 Yen at 110 Yen/USD 9,091

(1,000,000 Yen ÷ 110)

Dollar proceed 104,329

Return as a Percentage = ((Sale value - Purchase value) ÷ Purchase value) × 100

= (($95,238 - $90,909) ÷ $90,909) × 100

= $4,329 ÷ $90,909 × 100

= 4.76%

8 0

2 years ago

The Petit Chef Co. has 11.3 percent coupon bonds on the market with eight years left to maturity. The bonds make annual payments

IgorC [24]

Answer:

The yield to maturity is 9.127%

Explanation:

The yield to maturity is the yield or return on the bond as a percentage of its current price in the market. The formula to calculate the yield to maturity is:

YTM = C + {(F - P) / n} / {(F + P) / 2}

Where,

C is the coupon payment / interest payment on the bond
F is the face value of the bond
P is the current market price of the bond
n is the years to maturity

The coupon payment = 1000 * 0.113 = 113 per year

So, YTM = 113 + {(1000 - 1127.3) / 8} / {(1000 + 1127.3) / 2}

YTM = 0.09127 or 9.127%

8 0

2 years ago

You have $5,000 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent per month), while King Bank

aliya0001 [1]

Answer:

Regency Bank

A = $98577.46

king Bank

A = $81832.68

Explanation:

Given Data:

principle amount =$ 5000

rate of interest = 15%

n =12 {compounded months}

t = 20 year

for Regency Bank

investment amount obtained as

$A =P\times [1 + \frac{r}{n}]^{nt}$

$A = 5000 [1 + \frac{0.15}{12}]^{12\times 20}$

A = $98577.46

for King Bank

Investment amount obtained as

$A =P\times [1 + \frac{r}{n}]^{nt}$

Here n = 1

$A = 5000 [1 + \frac{0.15}{1}]^{1\times 20}$

A = $81832.68

3 0

2 years ago