1 year ago

At what point does an informal agreement become a binding

Business

1 answer:

pashok25 [27]1 year ago

7 0

Answer: When consideration is provided by one of the parties to the contract

Explanation:

Consideration must be given to make a contract legally binding.

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a.) Self-conscious

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Which of the following is not a type of savings account? A) money market savings B) savings bonds C) basic savings D) certificat

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Read 2 more answers

A perpetuity will pay $300 per year, starting five years after the perpetuity is purchased. is purchased. What is the present va

Maru [420]

Answer:

present value of perpetuity = $29615.93

Explanation:

given data

pay = $300 per year

interest rate = 3%

solution

we get here present value payment after 5 year is

present value = $\frac{future\ value}{1+ discount\ rate }$ ...........1

present value = $\frac{1000}{(1+0.03)^5}$

present value = $862.60

and

now we get present value on purchase date

present value = $\frac{payment}{interest\ rate}$ ......2

present value = $\frac{862.60}{0.03}$

present value = $28753.33

and

present value of perpetuity is

present value of perpetuity = $862.60 + $28753.33

present value of perpetuity = $29615.93

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3 years ago

It sputtered and squeaked and with a small hesitation followed by an abbreviated lunge, it was finally over: Ol’ Reliable, the c

Thepotemich [5.8K]

Answer:

1) total vehicle costs, including sales tax = 16125 +3% (483.75) + 66 (delivery/set up fees) = $16,674.75

2)down payment (or full amount if paying in cash) =

if credit purchase = 730 +3% (483.75) + 66 (delivery/set up fees) = $1279.75

if Cash purchase = 16125 +3% (483.75) + 66 (delivery/set up fees) - 500 (rebate ) = $16174.75

3) monthly loan payment - $ 272

4) number of months in the term loan = 60 months

5) total of loan payments = 272* 60 = $ 16,320

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3 years ago