To answer this item, we assume that the interest rate is simple, such that the yearly rate was only divided by 12 months in order to determine the rate per month. Hence, to answer this item, we simply have to multiply the given percent by 12.
rate of interest/year = (12)(0.85%) = 10.2%
Therefore, the answer is 10.2%.
First, calculate for the effective interest.
ieff = (1 + i/m)^m - 1
Substituting the known values,
ieff = (1 + 0.05/2)^2 - 1
ieff = 0.050625
Then, using the equation,
F = P x (1 + ieff)^n
Substituting,
14,000 = P x (1 + 0.050625)^3
The value of P from the equation is 12072.15612
<em>Answer: $12,072.16</em>
Answer:
Approximately 56 years and 3 months.
Explanation:
The formula to calculate this is the same formula we use for calculating the Future Value.
Future Value = Present Value ( 1 + i ) ^ n
175000 = 35000 ( 1 + 0.029 ) ^ n
Calculating for 'n',
We get the ' n ' as 56.29 years.
Hope this Helps.
Goodluck buddy.
Answer:
D. Reimbursement
Explanation:
A principal may be defined as a company's agent dealing with a contractor. The principal has the duty to reimburse an agent for the amount of money used up while carrying out his/her duty. Reimbursement may be from expenses like cost of travelling, cost of meals, cost of lodging and so on. In other words, if an agent makes authorized spending while doing a job for the principal, the principal has the duty to reimburse the agent for the money spent.
There is a lot of things that a typical lease might include such as
1. Do not remodel, whether it be construction or a paint job without consent from your landlord
2. Pets are either not allowed, only certain pets are allowed, there would be limit to how many pets you coukld have or there will be a fee per pet.
Also, sometimes bully breeds are completely prohibited.
3. Create a payment plan prior to moving in
those are just a few. lemme know if u need more examples! hope i helped
