Answer: If interest rate was 4%= $180.09. If interest rate was 8%= $317.22
Explanation:
Assuming that the aboriginal trackers were promised the $100 at the beginning of the year 1880 and the claim was also made at the beginning of the year 1995.
Number of years from 1880-1995 = 15 years
If the interest rate was 4%
= 100*(1+4%)^15
= $180.09
If the interest rate was 8%
= 100*(1+8%)^15
= $317.22
Answer:
Explanation:
A $60,000 increase in investment in subsidiary
Answer:
$607,500
Explanation:
Given;
Total asset = $810,000
Total liabilities is one-fourth of its total assets
Therefore total liabilities = (1/4) × $810,000
= $202,500
Using the accounting formula
Total asset - total liabilities = stockholders’ equity
stockholders’ equity = $810,000 - $202,500
= $607,500
The stockholders’ equity of Lantz Co.’s amounts to $607,500.
In the world demand for US, exports <u>increase</u> the demand for US dollars. a in the US interest rate differential <u>decreases</u> the demand for US dollars
An interest rate tells you how excessive the cost of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest charge is the quantity you're charged for borrowing cash, proven as a percentage of the total amount of the mortgage.
Traditionally, the guideline of thumb is that refinancing is a superb idea if you can reduce your interest rate by way of a minimum of 2%. but, many creditors say 1% financial savings is sufficient of an incentive to refinance.
As interest rates circulate up, the value of borrowing becomes more costly. because of this call, lower-yield bonds will drop, causing their price to drop. As interest prices fall, it will become less complicated to borrow money, and plenty of corporations will issue new bonds to finance growth.
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Answer:
unenforceable;
preexisting duty
Explanation:
Preexisting Duty Doctrine
This is simply regarded as when an individual is already under an obligation to do something. It simply states that the rules and guidelines under contract law that shows that if a party to a contract is under a pre-existing duty to perform, then no second thought (consideration) is taken for the modification of the contract. Modification is then voidable.
3 Types of Legal Duties
1. Public Legal Duties such ad the duty of a police officer to protect lives and properties.
2. Contractual Legal Duties such as unperformed, preexisting contractual promises etc.
3. Private Legal Duties such as the duty to follow the law.
Unenforceable Contracts
This is regarded as a contract that cannot be enforced/given consideration or effect by the court of law etc unless they are settled and corrected according to law.
Kinds of unenforceable contracts
1.) Those entered into in the name of another by one without, or acting in excess of rights or authority;
2.) Those that do not comply with the Statute of Frauds etc.
