Answer:
To be able to recover damages
Explanation:
In order for a Don (the plaintiff) to be able to recover damages he must prove that he suffered an injury (economic injury in this case) by Eve's false claims.
Eve promised to multiply Don's money and instead Don lost money. The proof of injury would be the money lost by trading with Eve's false algorithm.
<u>Answer:</u>
The amount should the company record the land on the date of purchase is $534,870
<u>Explanation:</u>
Given the principal amount, P = $450,000
Interest = 9%
Time, T = 2 years
According to simple interest,
Amount =
Substituting the values,
Amount =
Amount =
Amount = $534,870
Therefore, the amount is $534,870
You do it in an ocean or lake where there’s water :)
Given:
Future value, F=60508.29
Monthly payment, A = 165
Compounding period = month
Number of periods, n = 12*12=144
interest per period = i [ to be found ]
We have the relationship
F=A((1+i)^n-1)/i
but there is no explicit formula for i for given F, A and n.
We need to solve a non-linear equation for the value of i, the monthly interest rate.
One of the ways is to solve it by fixed iteration, i.e.
1. using the given relation, express i in terms of other parameters.
2. select an initial value of i
3. evaluate i according the equation in step 1 until the value is stable.
Here we will use the relationship to express
i=((60508.29*i)/165+1)^(1/144)-1 [ notice that i is on both sides of = sign ]
using an initial value of i=0.01 (about 1% per month).
Successively, we get
i=((60508.29*0.01)/165+1)^(1/144)-1=0.01075571
i=((60508.29*0.01075571)/165+1)^(1/144)-1=0.011160681, similarly
i=0.0113685
i=0.0114728
i=0.0115246
i=0.0115502
i=0.0115628
i=0.0115690
i=0.0115720
Assuming the above has stablilized, and the APR is 12 time the above value, namely
Annual percentage rate = 0.01157205998210142*12=0.13886=13.89%