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Peg Gasperoni bought a $50,000 life insurance policy for $100 per year. Ryan Life Insurance Company sent her the following billing instructions along with a premium plan example:
"Your insurance premium notice will be mailed to you in a few days. You may pay the entire premium in full without a finance charge or you may pay the premium in installments after a down payment and the balance in monthly installments of $30. The finance charge will be added to the unpaid balance. The finance charge is based on an annual percentage rate of 15%."
Peg feels that the finance charge of $1.75 is in error.
a. What is the actual finance charge for the first three months? (Round your answer to the nearest cent.)
b. Is she correct?
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How this payment would be made, including the use of the spot foreign exchange market and banks in both countries.
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Rate of Return if State Occurs State of Economy Probability of State of Economy Stock A Stock B Stock C Boom 0.76 0.11 0.31 0.07 Bust 0.24 0.15 0.13 0.19. What is the expected return on an equally weighted portfolio of these three stocks?
James Fromholtz is considering whether to invest in a newly formed investment fund. Based on these potential outcomes, what is your estimate of the expected rate of return from this investment opportunity? I know this is 22.5%. Calculate the standard..
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