Answer:
-5.95%
Explanation:
A = P(1+r)^n
A is the auction price at which the sculpture was sold = $10,331,500
P is the price the sculpture was purchased = $12,417,500
n is the time interval between the year of sales and year of purchase
10,331,500 = 12,417,500(1+r)^3
(1+r)^3 = 10,331,500/12,417,500
(1+r)^3 = 0.832
1+r = (0.832)^1/3
1+r = 0.9405
r = 0.9405 - 1 = -0.0595 = -5.95%
Answer:
FOR LIFE INSURANCE DENSITY
Answer:
A bank account
Explanation:
because your money is kept safe
Answer:
The correct answer to the following question is option B) $2500 .
Explanation:
Given information -
Proceeds to be received on life insurance - $150,000
Carin receives 10 installments of $17,500 each , which takes total amount to - $175,000
Premiums paid by Carins husband - $60,000
Carin collected - $17,500 from insurance company
The interest element that would be included in her gross income -
$175,000 - $150,000
= $25,000
She is receiving payments in form of annuity, and the amount that should be included in her gross income in the first year should -
$25,000 / $175,000 x $17,500
= $2500
