Answer:
3.73%
Explanation:
The computation of the rate of interest that makes the equivalent is shown below:
As we know that
Present value=Cash flow × Present value discounting factor ( interest rate% , time period)
Let us assume the interest rate be x
where,
Present value of $400,000 is
= $400,000 ÷ 1.0x ^5
And,
Present value of $1,000,000 be
= $1,000,000 ÷ 1.0x^30
Now eqaute these two equations
$400,000 ÷ 1.0x^5 = $1,000,000 ÷ 1.0x^30
(1.0x^30) ÷ (1.0x^5) = $1,000,000 ÷ $400,000
1.0x^(30 - 5)=2.5
1.0x^25=2.5
1.0x = (2.5)^(1 ÷ 25)
x =1.03733158 - 1
= 3.73%
The person would most benefit from homeowners insurance is D) Fran lives in an assisted living facility.
<h3>What is
insurance?</h3>
Insurance can be described as the way of managing your risk when someone subscribe to insurance, then the protection against unexpected financial losses is been gotten.
Hence, The person would most benefit from homeowners insurance is D) Fran lives in an assisted living facility.
Therefore , option D is correct.
Learn more about insurance at:
brainly.com/question/25855858
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I would simply make the job more enjoyable. Add cheep perks make it fun.
Answer:
I messaged you the asnwer.
Explanation:
Answer:
b. a close corporation
Explanation:
A closed corporation refers to a company in which shares are held by select few individuals who usually are closely linked with business. Such form of a company is also referred to as family corporation.
In these form of corporations, the investments from outsiders are closed i.e from general public and thus referred to as a close corporation. Shareholding belong to owners or family members in most of the cases.
Such firms are not listed on stock exchanges and hence do not permit general public to subscribe to their shares. Wherein, any one of the shareholders desires to liquidate his share, the other members buy out such share.
In the given case, Integrated Devices Inc., a private, for profit company is wholly owned by members of the same family. Thus, it represents a close corporation.
