2. If $14,000 had been invested in the Fictious Fund on June 30, 1995, then on June 30, 2005the investment would have been worth $55,177.52. What interest rate compounded annuallymessage to our Google class, or you may ask clarifications through a text message or phoneCongratulations! You did a great job! You may now take the assessment. If you have not2030. Round to the nearest cent.a. $3.60b. $3.66c. $3.64d. $3.67e. $4.14would this investment have earned? Round to the nearest hundredth of a percent.a. 14.70%b. 39.41%C. 29.41%d. 13.71%e. 29.41%3. A credit card bill due on April 5 showed a balance of $263. The card holder forgot to pay the billuntil the 20th of the month, but paid the full amount of $263 at that time. In the mean time, thecard was used to make purchases of $138 on the 10th of the month and $74 on the 20th of themonth. What was the average daily balance for the billing period?a. $362.50b. $95.97c. $166.07d. $184.27Genleted the task, or you have difficulty in accomplishing the activity, please send me acalls on the contact number included in your course guide.Assessment

Since you have asked multiple questions, we have solved the first question for you. Please ask the…

Answered: 1. The price of an item in 2004 was…

1. The price of an item in 2004 was $1.3. Use an inflation rate of 4% to calculate its price in 2030. Round to the nearest cent. a. $3.60 b. $3.66 c. $3.64 d. $3.67 e. $4.14

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Concept explainers

Currency Market

The currency market, also known as the foreign exchange market, consists of currencies worldwide. This market determines the rate of all currencies based on the buying and selling of forex. It is an over-the-counter market. It is the largest and most liquid market based on trade volume.

Question

2. If $14,000 had been invested in the Fictious Fund on June 30, 1995, then on June 30, 2005
the investment would have been worth $55,177.52. What interest rate compounded annually
message to our Google class, or you may ask clarifications through a text message or phone
Congratulations! You did a great job! You may now take the assessment. If you have not
2030. Round to the nearest cent.
a. $3.60
b. $3.66
c. $3.64
d. $3.67
e. $4.14
would this investment have earned? Round to the nearest hundredth of a percent.
a. 14.70%
b. 39.41%
C. 29.41%
d. 13.71%
e. 29.41%
3. A credit card bill due on April 5 showed a balance of $263. The card holder forgot to pay the bill
until the 20th of the month, but paid the full amount of $263 at that time. In the mean time, the
card was used to make purchases of $138 on the 10th of the month and $74 on the 20th of the
month. What was the average daily balance for the billing period?
a. $362.50
b. $95.97
c. $166.07
d. $184.27
Genleted the task, or you have difficulty in accomplishing the activity, please send me a
calls on the contact number included in your course guide.
Assessment

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Qw.02. Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable Sales Cost of goods sold Accounts receivable Numerator: 2024: 2023: Numerator: 2024 $ 463,414 234,107 22,522 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? Numerator: I 1 1 1 Trend Percent for Net Sales: 2023 $ 306,897 155,099 17,861 1 1 1 I 1 2022 2021 $ 249,510 $ 175,095 128,255 89,348 10,226 17,042 Trend Percent for Cost of Goods Sold: Denominator: 2024: 2023: 2022: 2021: 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? 7 Denominator: 7 1 Trend Percent for Accounts Receivable: Denominator: 2022: 2021: 2020: Is the trend percent for Accounts Receivable favourable or unfavourable? = E # = S U = E = = 2020 $ 129,700 64,850 8,871 Trend percent Trend percent Trend percent 1% %6 % % % % 196 196 56…
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1 Required information As indicated, some of the cash flows are expressed in future (then-current) dollars and others in current-value (today's) dollars. Use a real interest rate of 10% per year and an inflation rate of 6% per year. Year 10 3 4 7 Cash Flow, $ 19,000 38,500 22,000 28,500 Expressed As Today's Then-current Then-current Today's NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Find the present worth of the estimated cash flows. The present worth of the estimated cash flows is $91451.92
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