Examlex
Use the following soybean futures quotes:
-You would like to lock in the selling price on 60,000 bushels of wheat,which you plan to harvest and deliver to the market in September.The September futures price quote is currently 902΄6.If you write September futures contracts on your wheat,you will be guaranteed a total price of ________ for your crop.Each contract is quoted in cents and 1/8 ths of a cent per bushel with a contract size of 5,000 bushels.
Growing Annuity
A series of periodic payments that grow at a constant rate for a specific number of periods.
Cash Flow Growth
An increase in the amount of money moving in and out of a business over a specific period, indicative of its financial health and operational efficiency.
Loan Principle
The original sum of money borrowed in a loan agreement, which does not include interest or other charges.
Interest Rate
The fraction of a quantity of money that is required as payment for lending it, often stated on a yearly basis.
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