Answer:
The value of the policy assuming the proposed rates is 142,769.63
Explanation:
Time line:
<--/--/--/--/--/--/----------------------------------------------------------//-->
We have 6 payment and then, a lump sum capitalize until age 65
First we calculatethe value up to the end of the six year:
First year:
Amount 1,576.47
Second year:
Amount 1,446.31
Third Year:
Amount 1,468.04
Fourth year:
Amount 1,346.83
Fifth year:
Amount 1,354.43
Six year:
Amount 1,242.60
Sum at the end of the six year: 7,080.25
<u>Then this capitalize up to 65 birthday:</u>
from the seventh birthday up to the 65th birthday
65 - 7 = 58 years
Principal 8,426.68
time 58.00
rate 0.05000
Amount 142,769.63
Answer:
12.51%
Explanation:
after the first 6 years, you will have:
FV = PV (1 + r)ⁿ
FV = $8,500 (1 + 6%)⁶ = $12,057.41
If you need to have $19,320 in 4 years, then you must determine r:
$19,320 = $12,057.41 (1 + r)⁴
$19,320 / $12,057.41 = (1 + r)⁴
1.6023 = (1 + r)⁴
⁴√1.6023 = 1 + r
1.1251 = 1 + r
1.1251 - 1 = r
0.1251 = r
r = 12.51%
Answer: (B) Civil society
Explanation:
The civil society is one of the type of organization in which the various types of collective actions are taking place in order to share the common values and interests.
It basically enhance the services and the used in the decision making process based on the public and the economical rights.
According to the given question, the civil society is one of the part of citizen campaigned that is against sanction of the new factory that start building in the residence area.
Therefore, Option (B) is correct answer.
A. Hindsight bias- also known as the knew-it-all-along phenomenon or creeping determinism, refers to the common tendency for people to perceive events that have already occurred as having been more predictable than they actually were before the events took place.
is a discount that buyers can receive in exchange
