The formula is
A=p (1+r)^t
A future value 500000
P present value. ?
R interest rate 0.06
T time 11 years
Solve the formula for p by dividing both sides by (1+r)^t to get
P=A/(1+r)^t
P=500,000÷(1+0.06)^(11)
P=263,393.76
he should deposit 263393.76 now to attain 500000
Hope it helps!
When deciding the cost of an insurance policy being applied to the customer, then the underwriting experts used the concept of data analytics.
Option C is the correct answer.
<h3>What is underwriting?</h3>
Underwriting is the act where the underwriters confirm the loan approval after analyzing the debt, income, and assets of the borrower.
The concept of data analytics is one of the processes applied to analyze the data along with collection and modeling. it helps the underwriters to figure out the conclusions based on the trends and patterns of the data.
Therefore, data analytics is the tool that underwriters used to compute the cost of insurance policy for the customer.
Learn more about the underwriting in the related link:
brainly.com/question/24988092
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Answer:
Explanation:
This is a demand graph. You can tell because at the price decreases, the amount demanded increases. Consumers usually want to purchase more goods when the price is less.
Answer:
May incorporate in any state it chooses.
Explanation:
Incorporation can be defined as the creation of a new business which will have equal rights as that of an individual.
The different steps for incorporation include:
- Proper documentation of the reports of incorporation.
- Choosing a suitable name for the business.
- Documenting the various operational agreements.
- Appointing managers to supervise the daily activities.
- Getting a federal employment identification number.
- Opening accounts for keeping the revenues that will be generated by the company.
- Employing diffetents workers to carry out various activities in the company.
Answer:TRUE
Explanation: Is the distribution policy that maximizes the value of the firm by choosing the optimal level and distributions system for its dividends and stock repurchases). Most firm try to achieve the optimal distribution policy necessary for it to maximize its stock price for guarantee good returns or good profit on its investment.
