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2 years ago

What ethics "Rule"does it break?

1 answer:

7 0

The breaking of rules is violation of law. The legal right does not comes under the law if anybody has the right to break the law.

Explanation:

A Rule is a statement that denotes about what a person should do or not to do in a specific situation. It clarifies demarcates or interprets a law or policy.Rule is a principle or standard that serves as a norm for guiding an action.

The rules for professional ethics are do not enter into attorney client relationship, do not negotiate fees with the client and do not give legal advice.

The people break the laws and takes high risk because of their less self control.

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2 years ago

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11. Nadine is retiring at age 62 and expects to live to age 85. On the day she retires, she has $402,000 in her retirement savin

Svet_ta [14]

Answer:

E. $2,688.77

Explanation:

We need to calculate the PMT of an ordinary annuity at 6%

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 402,000

time:

85 years - 62 years = 23 years of retirement

23 years x 12 months per year = 276 months

rate: 6% annual rate we must divide over 12 months to convert into monthly: 0.06/12 = 0.005

$402000 \div \frac{1-(1+0.005)^{-276} }{0.005} = C\\$

C $ 2,688.766

<em>She can withdraw 2,688.76 per month</em>

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2 years ago

Loan 1:

vampirchik [111]

Answer:

$10,786.88

Explanation:

The total amount paid on loan will be the sum of monthly payments and the deposit paid.

Monthly payments = $888.49 per month

Number of months = 12

Total monthly payments : $888.49 x 12= $10,661. 88

Upfront fee( deposit) $125

Loan amount

=$10,661. 88 + $125

=$10,786.88

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2 years ago