Answer:
(A) 11.3% (B) $430,000
Explanation:
There seems to be an error in the compounding equation written as A(t) = 50,000(1.055)2t.
Compounding the semi annual return, the equation should be
where t is the number of years.
The equation is similar to the first expected that 1.055 is raised to the power of (2t) and not multiplied by it.
(A) Compounding at 5.5% semi-annually, the equivalent annual growth rate is computed as follows.
= 
= 1.113025 - 1
= 0.113025 = 11.3025%
= 11.3% (to the nearest tenth of a percent).
(B) In 20 years, the investment will be worth
(where t=20)
= 
= 
= 50,000 * 8.5133
= $425,665
= $430,000 (to the nearest ten thousand dollars)
Answer: Yes, because the life tenant owes the holder of a remainder interest a duty to pay the property taxes.
Explanation:
Based on the information given, the holder of the remainder interest can recover the tax payment from the life tenant because the life tenant owes the holder of a remainder interest a duty to pay the property taxes.
It should be noted that it's the obligation of life tenants to pay all ordinary taxes on the land as well as the interest on the mortgage. In a situation whereby an incime isn't produced by the property like in the scenario given in the question, then the life tenant will be responsible for the taxes and the interest on the mortgage to the extent of a reasonable rental value of the land.
Answer:
The correct response will be "Planned markets
".
Explanation:
- Market planning would be a method to coordinate and identify a business's marketing target, as well as to compile plans and techniques to accomplish it.
- This involves regional, market-specific, or company-huge policies outlining activities involved in accomplishing the desired target set within a defined period for something like the business for a long time.
Answer:
D. Monopoly
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
Hence, the public power company is an example of a monopoly because they serve as the only power utility provider to the public.
Additionally, a public power company refers to a company that provides power (electricity) utility to the general public of a society.
