The individual stockholders face limited liability in the form of money
Answer:
I will save $26,390
Explanation:
A fix Payment for a specified period of time is called annuity. The Compounding of these payment on a specified rate is known as Future value of annuity. In this question $1,175 per year payment for 15 years at 5.53% interest rate is also an annuity.
We can calculate the amount of saving by calculating the future value of the given annuity.
Formula for Future value of annuity is as follow
Future value of annuity = FV = P x ( [ 1 + r ]^n - 1 ) / r
Where
P = Annual payment = $1,175
r = rate of return = 5.53%
n = number of years = 15 years
Placing Value in the formula
Future value of annuity = FV = 1,175 x ( [ 1 + 5.53% ]^15 - 1 ) / 5.53%
Future value of annuity = FV = 1,175 x ( [ 1 + 0.0553 ]^15 - 1 ) / 0.0553
Future value of annuity = FV = $26,390
Answer:
Part of the grievance procedure.
Explanation:
These procedures are a way of resolving conflicts that can be used by companies to address comments or complaints of other parties (employees, suppliers, etc.)