Answer:
Collision
uninsured motorist
comprehensive
liability coverage
Explanation:
From the question, we are informed about Abraham who has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. In this case the basic types of coverage Abraham should buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile are;
✓ uninsured motorist
✓comprehensive
✓liability coverage
Insurance is very essential in protecting an individual or firm from any form of financial loss, it can be regarded as a kind of risk management and it is way to avoid uncertain loss. Then if Adam could buy the coverage he will be protected from loss in future.
Answer:
The present value of the annuity is $ 825.02
Explanation:
The present value of the annuity is the today's worth of the thirty annuity payments.
Each of the annuity payment is multiplied by its discount factor,for instance the discount factor for the first payment is computed thus
=$15*(1/(1+6%/12)^1=$14.93
The 6% interest rate is divided by 12 months to show a monthly rate of return find attached.
Answer:
in regular businesses, persuasion is very important because it can boost your sales and gain trust.
Explanation:
Answer:
1. IRR for the first investment: 13%
2. IRR for the second investment: 10%
3. IRR for the first investment give changes in cash flow: 4%
Explanation:
IRR is the discount rate that will bring project's net present value to 0. Apply this, we will calculate IRR in each given scenario:
1. -900,000 + (300,000/IRR)/ [ 1 - (1+IRR)^-4] = 0 <=> IRR = 13%
2. -755,000 + 400,000/(1+IRR) + 500,000/(1+IRR)^2 = 0 <=> IRR = 10%
3. -900,000 + (250,000/IRR)/ [ 1 - (1+IRR)^-4] = 0 <=> IRR = 4%
(all the answers have been rounded to whole percentage values as required in the question).
