Their monthly payments is $695.92
What is installment?
a component of a debt, or a lump sum of money, that is divided into payments that are due at various intervals; that portion of an obligation that is repaid in a single installment. Payment in installments is made in smaller sums over a longer period of time, with the amounts and dates frequently being clearly specified.
a story, a plan, or a sum of money that has been divided into multiple sections, each of which occurs or is paid until the conclusion or total is reached.
Assume that person "X" invests "R" in monthly compound interest for "N" years at the value specified by
Непсе Its future Future valve is given by
Future valve
=$25,053.074
Installment=
=$695.92
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The correct answer should be D
Answer:
Sheila letting Susan keep $1,000 without holding her liable for not completing the job is an example of a WAIVER.
Explanation:
A waiver is a legal intention or demonstration of a party in a contract to voluntarily relinquish their rights or claims in a contract. This is done without holding the other party (especially when they default in meeting the terms of the contract) liable for damages.
The party that voluntarily relinquishes their rights will usually not pursue any legal action against the defaulting party.
Therefore the scenario above is an example of a waiver, since Sheila has decided not to enforce the contract and has also allowed Susan keep part of the money.
Answer:
Satisficing behaviour
Explanation:
Satisficing (combination of words satisfy and suffice) behaviour involves looking for alternative objectives than maximising profits in a business. The aim is to get a minimum acceptable level of achievement in terms of profit.
In this instance Marie made the decision of opening her own retail outlet to sell her product instead of letting department store sell it. Even though she is trying to improve her distribution, she did not do a cost analysis to find out how to maximise profit. So she is involved in satisficing behaviour and not putting in extra effort to maximise profit.