Answer: A hire purchase is a system by which one pays for a thing in regular instalmentsinstallments while having the use of it.
A credit sale is a purchases made by customers for which payment is delayed.
Answer:
The offer should be accepted
Explanation:
It is known that the amount $100,000 will be paid to someone when he turns 26 years. The current age is 21 years.
the 5-years bond is given 3.1 percent of interest rate.
another option for the person is offered $103,021.02 right away which is the present value.
The present value of the $100,000 that is going to be received after 5 years is calculated as follows;
Present value = Amount to be received /(1+interest rate/100)^t
= 100,000/(1+ 3.1/100)⁵
= 100,000/ 1.031⁵
= $85,843.35
Therefore, the present value is $85,843.35 for the amount $100,000 to be receive after five years.
Since the amount $103,012.02 he was offered is greater than the present value of his inheritance after 5-years, the person should accept the offer and forget about the inheritance of $100,000.
The word to fill the blank space is "S<span>econdary Memory".
Complete sentence will be as below:
</span>Secondary memory <span>holds data at a time when the computer is not on an/or at a time when a program is operating its functions.
</span><span>This part also serves as archival storage, it is used when someone needs to store huge amount of data and for a longer period of time.</span>
The correct answer is proactive interference.
Proactive interference refers to the phenomenon wherein, old memories get in the way of or interfere with retaining and retrieving new memories. In this instance, Marion's old memory of her former phone number is interfering with her ability to retrieve the memory of her (newer) current phone number.
Answer:
B. Investment Y has a higher present value.
Explanation:
The cash inflows are given in the question for Investment X and Investment Y
Plus we know that the cash inflows and the number of years has an indirect relation
That means if the cash flows are the same for year 1 and 2 and in year 3 and year 4 so year 1 and year 2 present value would be higher as compared with the last year present value
Since in the question Investment Y has higher cash inflows in starting year but in Investment X has higher cash inflows in last year that interprets Investment Y has a higher present value
