Answer:
It should cost $605,183.13 today.
Explanation:
Giving the following information:
Cash flow= $50,000
Number of years= 30
Interest rate= 7.25%
To calculate the present value, first, we need to calculate the final value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= cash flow
FV= {50,000*[(1.0725^30)-1]} / 0.0725
FV= $4,940,897.47
Now, we can calculate the present value:
PV= FV/(1+i)^n
PV= 4,940,897.47/ (1.0725^20)
PV= $605,183.13
Answer:
d. contracts drafted under a common law system tend to be longer than those drafted under a civil law system.
Explanation:
Common law can be defined as a set of unwritten laws which are primarily based on precedent court decisions, tribunal decisions and customs and are usually employed in similar court judgments and rulings that cannot be determined by existing statutes.
On the other hand, civil law can be defined as a set of law which regulates private or personal matters such as family matters, marriage, property, contracts etc.
When comparing contracts in common law and civil law systems, it can be said that contracts drafted under a common law system tend to be longer than those drafted under a civil law system because the drafters of contracts under civil law are able to rely on codified and standard default rules.
Mary Pickersgill and her daughter Caroline sew the American flag, which measured 30 by 42 feet. That flag flew over Fort McHenry during the War of 1812 ( or the Second War of Independence ). Mary, her daughter Caroline, her 2 nieces and a servant girl cut the stars and stripes, all by hand ( it was before the invention of the sew machine ). That flag inspired Francis Scott Key to write a poem " Defence of Fort M`Henry ". The combination of Key`s poem and Smith`s music became known as a song "The Star-Spangled Banner". This song was adopted as a national anthem of the United States in 1931. Answer: Mary Pickersgill.
Answer:
You owe taxes to the government because not enough money was withheld from your check
The government owes you a refund because you paid too much from your paycheck. You paid the correct amount that year from your paycheck
