Answer:
12 bananas or 8 apples are needed to purchased
Explanation:
The computation of the number of bananas or the apples is shown below:
Since the income is $24
And, the price of an apple and the price of banana is $3 and $2 respectively
So, the number of bananas is
= $24 ÷ $2
= 12 bananas
And, the number of apples is
= $24 ÷ 3
= 8 apples
Therefore 12 bananas or 8 apples are need to purchased
Answer:
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Explanation:
Answer:
The Actuarially Fair Premium that Tom have to pay for hid Health Insurance is $4,160
Explanation:
To compute the amount that Tom have to pay for Health Insurance is;
Actuarially Fair Premium = (Probability of actuality ill × Payments incurred) + (Probability of not actuality ill × Payments incurred)
Actuarially Fair Premium = (20% x $20,000) + (80% x $200)
Actuarially Fair Premium = $4,000 + $160
Actuarially Fair Premium = $4,160
Answer:
Final Value= $61,037.04
Explanation:
Giving the following information:
Investment= $2,378 in a bank at the end of every year for 10 years.
The company makes no deposits during the subsequent 5 years.
Interest rate= 10%
First, we need to calculate the first 10 years.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,378*[(1.1^10)-1]} / 0.1
FV= $37,899.20
Now, the 5 years:
FV= PV*(1+i)^n
FV= 37,899.2*(1.1^5)
FV= $61,037.04
,Answer:
-Marcus is owed something by Super Corp because he relied reasonably and to his detriment on Super Corp's offer.
Explanation:
Employment contracts can be written, oral, or implied and each of these are binding to some extent.
In the given instance it is required that employment should be written in the state where Super Corp operates.
So Marcus will not be able to compel them to give him a job as the offer was made and accepted orally.
However the offer resulted in him quitting his current job, which paid $75,000 a year, and heading to the state where Super Corp was headquartered.
He relied on the offer to his detriment of losing his current job, so Super Corp owes him for the damages incurred