02/27/25
BUS 249 Finance
Sixty days ago, Lucas invested $150,000 in a 200-day T-bill at a prevailing interest rate of 5%. Today, with the rate having dropped to 4.6%, Lucas decides to sell the bond. Given these changes,...
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11/18/24
Perpetual Inventory
Perpetual inventory using weighted averageBeginning inventory, purchases, and sales for WCS12 are as follows:
DateLine Item DescriptionValue
Oct. 1
Inventory
300 units at $11
Oct. 13
Sale
160...
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10/30/24
May an expert please find at least 5 domestic stock mutual funds that have beaten an average rate of return of 10.59% in over 20 years from 1994-2024, and what are their rate of returns?
Business 123 Introduction to InvestmentsMay an expert please find at least 5 domestic stock mutual funds that have beaten an average rate of return of 10.59% in over 20 years from 1994-2024, and...
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09/21/24
How to cancel an appointment
Something has come up and I need to cancel an upcoming session
Guy dePrimo buys a new car for $9,837.91. He puts 10% down and obtains a simple interest amortized loan for the rest at 8 7/8% interest for four years. (Round all answers to the nearest cent.)
a) Find his monthly payment.(b) Find the total interest.$ (c) Prepare an amortization schedule for the first two months of the loan.
Solve these two problems
Find the monthly payment that will yield the future value of $90,000 using an ordinary annuity at 9.25% interest for 35 years. (Round the answer to the nearest cent.)Find the monthly payment that...
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04/25/24
If the account earns 7.8%, compounded annually, how much will be in the account 26 years from today?
You plan to save $24,423/ year for the next 15 years. After the last deposit, you will keep the money in the account for an additional 11 years. If the account earns 7.8%, compounded annually, how...
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11/13/14
Can they infer at the 5% significance level that sales increase during the campaign? What is the test statistic?
The general manager of a chain of fast food chicken restaurants wants to determine how effective their promotional campaigns are. In these campaigns "20% off" coupons are widely distributed. These...
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10/28/14
Confidence Intervals
Assume the age of school students is normally distributed. A simple random sample of 24 school students had an average age of 27.3 years. Use this information and a population standard deviation of...
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09/05/14
earns $119,000 a year and is offered a job in another city for $94,129. The city she would move to has 13 percent higher living expenses than her current city.
Marla Opper currently earns $119,000 a year and is offered a job in another city for $94,129. The city she would move to has 13 percent higher living expenses than her current city.
06/05/14
Many consumer groups feel that the U.S. Food and Drug Administration (FDA) drug approval process is too easy,
and as a result, too many drugs are approved that are later found to be unsafe. On the other hand, a number of industry lobbyists have pushed for a more lenient approval process so that...
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