Answer:
The rate at which to discount the payments to find sum borrowed is 12.68%
Explanation:
The discount rate to be used in computing the sum borrowed can e derived from the effective annual rate formula below:
Effective annual rate = (1 + Quoted interest rate/m)^m - 1
quoted interest rate is 8.40
m is the number of months in a year when compounding is done which is 12
effective annual rate=(1+8.40%/12)^12-1
effective annual rate=(1+0.01)^12-1
effective annual rate=(1.01)^12-1
effective annual rate=1.12682503
-1
effective annual rate=0.12682503=12.68%
I think A if not than B I’m sorry if I’m incorrect
Inga Ingerton's assets price = $35,000, ; Assessed fee = 40% = 0.forty, ; mill levy rate = 83, ; Inga's annual tax on belongings = $14,000 x zero.083.
Annual taxes are generally designed to price for a mixture of interest or repute of a person for a tax yr. A tax year usually is much like a calendar year however it is able to additionally be a 12-month duration whenever a central authority corporation wants to control a given annual tax. Annual taxes are not limited to one level of government.
In a nutshell, to estimate taxable earnings, we take gross income and subtract tax deductions. what's left is taxable profits. Then we practice the ideal tax bracket (based totally on earnings and filing popularity) to calculate tax legal responsibility.
The costs observe in taxable profits—adjusted gross income minus both the usual deduction or allowable itemized deductions. profits as much as the same old deduction (or itemized deductions) is for that reason taxed at a 0 price. Federal profits tax quotes are progressive: As taxable income will increase, it's far taxed at better fees.
Learn more about annual tax here: brainly.com/question/26316390
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Answer:
30 days after receiving notice of the changes
Explanation:
If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without being penalized?
An insurer is defined as- a person or company that underwrites an insurance risk; the party in an insurance contract agrees to pay compensation. Generally, the term insurer is synonymous with the term insurance provider or insurance company.
A policyholder is a person who buys an insurance policy. The policyholder is protected by the details in the insurance policy. He or she can add more persons to the policy depending on the type.
In most cases, a policyholder is allowed to cancel the policy within 30 days without been penalized for a short rate cancellation fee.
Answer:
ALL OF THE ABOVE
Explanation:
Behavioral finance is an interesting mix of psychology and finance which deals with the effect of psychology on the behavior of investors.
Looking at the options given in the scenario they all show traits of investors behaving in a way that portrays psychological reaction
Hence it can be concluded that Problems with behavioral finance include ALL OF THE FOLLOWING:
I. The behavioralists tell us nothing about how to exploit any irrationality.
II. The implications of behavioral patterns are inconsistent from case to case, sometimes suggesting overreaction, sometimes underreaction.
III. As with technical trading rules, behavioralists can always find some pattern in past data that supports a behavioralist trait.
