A company estimates that 0.8% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $250. If they offer a 2-year extended warranty for $35, what is the company's expected value of each warranty sold? Round your answer to the nearest cent.
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- A bond pays a return (simple interest) of 5% and has a default rate of 3%. This bond is purchased for $1000.00. What is the expected rate of return for the purchaser?The following table lists several corporate bonds issued during a particular quarter. Company AT&T Bank Of America General Electric Goldmans Sachs Verizon Wells Fargo Time to Maturity (Years) 10 10 2 3 8 7 Anuall Rate (%) 3.40 3.00 5.25 7.15 5.15 2.50 If the General Electric bonds you purshased had paid you a total of $8,840 at maturity,how much did you originally invest? (Round your answer to the nearest dollar.) $Find the simple interest and tge maturity value in each of the following cues.
- A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 65.03 — 2 71.90 $ .74 3 77.70 .79 4 63.97 .85 5 74.51 .94 6 86.75 1.01 What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)Find the expected value of the yearly rate of return of an investment that, for an initial cost of 100, is equally likely to yield either 120 or 100 after 2 years.An investor anticipates that land values for a site will be worth $100,000 in five years. If real estate taxes are expected to be $2,500 each year, how much can the investor pay today for the site and still earn a 15 percent return on his investment?
- 9. How long would it take for an investor to double hismoney at 10% interest per year, compoundedannually?include a cash flowA report by the Government Accountability Office (GAO) shows that the GAO expects the U.S. Postal Service to lose a record $7 billion at the end of this year, and if the business model is not changed, the losses will total $241 billion by the end of year 10. If the losses increase uniformly over the 10-year period, determine the following:(a) The expected increase in losses each year(b) The loss 5 years from now(c) The equivalent uniform worth of the losses at an interest rate of 8% per yearThe sales commission of a pharmaceutical distribution company is structured such that its part-time sales representatives receive commissions of: 4.00% on the first $10,000 they sell, 6.00% on the next $10,000, 11.00% thereafter on all sales they make. Daniel, a new sales representative, made sales of $2,500 in his first month, $16,500 in his second month, and $37,000 in his third month. a. What was the commission in the first month? Round to the nearest cent b. What was the commission in the second month? Round to the nearest cent c. What was the commission in the third month? Round to the nearest cent d. What single commission rate would represent his total earnings throughout the first 3 months? Round to two decimal places
- Suppose that at the beginning of Year 1 you invested $10,000 in the Stivers mutual fund and $5,000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below. Year Stivers Trippi Year 1 $10,500 $5,600 Year 2 $11,800 $6,400 Year 3 $13,000 $6,900 Year 4 $14,000 $7,700 Year 5 $14,900 $8,600 Year 6 $16,100 $9,200 Year 7 $17,000 $9,900 Year 8 $18,200 $10,600 Compute the mean annual return for the Stivers mutual fund and for the Trippi mutual fund. Do not round intermediate calculations. Stivers Trippi Mean annual return (to 3 decimals) % % Which mutual fund performed better?A) about how much longer can she expect her money to last? B) what options might she consider in order to extend that time?Suppose that at the beginning of Year 1 you invested $10,000 in the Stivers mutual fund and $5,000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below. Year Stivers Trippi Year 1 $10,600 $5,600 Year 2 $11,700 $6,300 Year 3 $12,700 $7,000 Year 4 $14,000 $7,600 Year 5 $15,000 $8,600 Year 6 $16,100 $9,200 Year 7 $17,200 $9,900 Year 8 $18,400 $10,700 Compute the mean annual return for the Stivers mutual fund and for the Trippi mutual fund. Do not round intermediate calculations. Stivers Trippi Mean annual return (to 3 decimals)