Question 1nbspkathleen just received a bonus from eg she is, Ask an Expert

Finance

Question 1: Kathleen just received a bonus from EG. She is excited because her dad started his career with EG. If her bonus of $300,000 is equivalent to the bonus paid to her dad 10 years ago, how much was her dad's bonus? Assume that the average annual inflation rate was 3.8%. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

$276,217

$202,308

$206,608

$208,902

Which one is correct???

Question 2: If the interest rate per year and the number of years involved remain the same, the total amount of interest earned on an investment will remain the same irrespective of the frequency of compounding.

True

False

True or false?????

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91729489

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Average inventory is 415435 and cost of goods sold is

Average inventory is $415,435 and cost of goods sold is $1,410,000. On average, how long did a unit of inventory sit on the shelf before it was sold?

Express in other words explain the concept of cost of

Express in other words explain the concept of cost of capital? Do you believe that a firm should use the same cost of capital for all of its projects? Why or why not?

A corporation has an outstanding bond with the following

A corporation has an outstanding bond with the following characteristics: Coupon rate = 6.0% Interest payments - Semi-annually Face value = $1,000 Years to maturity = 20 Current market value = $1,054.88 Find the yield to ...

Based on land minerals and natural resources labor and

Based on land, minerals and natural resources, labor and entrepreneurial innovation, which country do you feel has the greatest long-term potential China or Russia.

Assume that the current yield on a one-year security is 60

Assume that the current yield on a one-year security is 6.0 percent and that the yield on a two-year security is 7.2 percent. For this question, assume that there is a liquidity premium on a two-year security of 0.4 perc ...

What is marketing discipline what is most peoples

What is marketing discipline? What is most people's perception of marketing discipline? Name an organization that has done a great job marketing. What did they do to make you feel this way?

Question - wald incs stock has a required rate of return of

Question - Wald Inc's stock has a required rate of return of 10 and it sells for 40 per share Wald's dividend is expected to grow at a constant rate of 7 per year. What is the expected year-end dividend D1?

You have a portfolio of 5 stocks that have a total value of

You have a portfolio of 5 stocks that have a total value of $40,000. The beta coefficient of this portfolio is 1.2. You want to invest an additional $10,000 in a stock that has beta equal to 2.2. After adding this, what ...

Groceries inc is specialized in the distribution of

Groceries, Inc. is specialized in the distribution of groceries. NS Groceries is considering expanding into a new line of business by adding coffee shops (the coffee venture) to its existing groceries retail locations. C ...

The common stock and debt of chen inc are valued at 75

The common stock and debt of Chen Inc are valued at $75 million and $25 million, respectively. Investors currently require a return of 16.1% on the common stock and a return of 7.6% on the debt. If Northern Sludge issues ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert