Credit unions are typically nonprofit, Savings and loans are for profit, and initially operated for depositors, but over the past 30 years have made numerous loans to nondepositors.
Commercial banks are often privately owned, but my be listed corporately owned, and are not operated for depositors. They do not, to my knowledge, pay profits in dividends, but ownership interests may vary.
Mutual savings banks are the savings depositories that are owned by depositors and distribute profits/dividends among the depositors.
Answer:
the price adult ticket is $8 and the price of children tickets is $5.
Explanation:
This question can be solved using a simultaneous equation.
Let :
x = price of adult tickets
y = price of children tickets
If 8 adult tickets and 12 student tickets are sold for a total of $124, the first equation would be
8x + 12y = $124
If 16 adult tickets and 23 student tickets are sold for a total of $243, the second equation would be
16x +23y = $243
The two equations are
8x + 12y = 124
16x +23y = 243
To solve, multiply equation 1 by 2 . This gives equation 3
16x + 24y = 248
Now substract equation 3 from 2. This gives y = 5
To find y, substitute 5 with y in equation 1
8 x + 12(5) = 124
8x + 60 = 124
Solve for x
x = 8
Therefore, the price adult ticket is $8 and the price of children tickets is $5.
I hope my answer helps you
→Answer:
a. $188,533.82
b. $219,296.09
Explanation:
These problems can be solved using the present value of annuity formula which is:
PV= C x (1-(1+r)^-n)/r
Where:
PV = the present value of annuity (the amount we are solving for)
C= The annual amount receivable from the insurance company ($20,700)
r= The interest rate (7%)
n= Number of years (15 and 20 years respectively)
- To solve the first question (a) plug the variables into the formula and you will have → 20,700 × (1-(1.07)^-15)/.07= $188,533.82
- to solve the second question (b) plug the variables into the formula and you will have → 20,700×(1-(1.07)^-20)/.07 = $219,296.09
Answer:
The surrender cash value is used for the extended term option.
Explanation:
This is where the nonforfeiture clause comes to policyholders aid. The nonforfeiture clause allows the policy holder who has not made payment of premiums within the grace period to be able to get the cash value of his whole life policy(with already paid premiums), recovered either by cash or extended term option or any other agreement made prior. The cash value of his whole life policy could be applied to the extended term option, allowing the policy holder to get a term insurance policy worth the value of his surrender whole life policy minus any loans against it.
Answer:
they die because god has heard stuff that you didn't and seen stuff you didn't thats why he is trying to keep you safe.
Explanation:
