The amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.
<h3>What is a lease agreement?</h3>
A lease agreement is a legal arrangement whereby a person give another person the right to possess the land for use in return for a periodic compensation.
However, the lease agreement can lead to permanent purchase, based on the agreement of the lease.
In conclusion, the amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.
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Answer:
The following statements are true:
c. A potential energy function can be specified for a conservative force.
e.A conservative force permits a two-way conversion between kinetic and potential energies.
f. The work done by a non-conservative force depends on the path taken.
Explanation:
- The statement a is incorrect as the work done by a conservative force does not depend upon the the path taken instead work done by a non- conservative force depend upon the path taken.
- The statement b is incorrect as the potential energy function can not be specified for a non-conservative force but it is specified for a conservative force.
- The statement d is also incorrect as the non-conservative force doesn't permits a two way conversion between Kinetic and Potential energies but the conservative force permits this conversion.
Answer:
40.91%
Explanation:
Duration perpetuity = 1.04/4%
Duration perpetuity = 1.04/0.04
Duration perpetuity = 26 years
Now, 17 = (Wz)*4 + (1 - Wz)*26
17 = 4Wz + 26 - 26Wz
26Wz - 4Wz = 26 - 17
22Wz = 9
Wz = 9/22
Wz = 0.409091
Wz = 40.91%
So, 40.91% of its portfolio should be allocated to the zero-coupon bonds to immunize, if there are no other assets funding the plan.
Answer:
a. had major expenses in the first year.
d. Carried a large balance in the long term.
- If the borrower has major expenses in the first year, then Credit Card 1 will be a better option since it allows the borrower to repay the credit card balance without paying any finance charges. However, the borrower must repay the credit card balance by the end of the first year in order to take advantage of the introductory offer at 0% interest.
- If the borrower had a large unpaid balance over a long term, switching to credit card 1 from a previous credit card will give the borrower a chance to repay the outstanding balance. This option will be effective only if the borrower manages to repay the outstanding balance within the period the introductory offer lasts.
