Answer:
$2,341,579.57
Explanation:
Data given in the question
Annuity value = $4,950
Annual interest rate = 9.89%
Time period = 9.89%
So, by considering the above information, the future value of an annuity is
Future value of annuity = Annuity × [(1 + interest rate)^time period - 1] ÷rate
= $4,950 × [(1.0989)^41 - 1] ÷ 0.0989
=$4,950 × 473.0463785846
= $2,341,579.57
Answer:
It is not legal for an insurance company to raise your premium if you were involved in a crash that wasn't your fault. In case that happens to you, you should first contact your insurance broker, but if he/she doesn't fix the issue, you must contact your state insurance department and file a complaint against your insurance company. Depending on which state you live in, you can file the complaint online, by phone, by mail, and/or email. If you live in your state capital city, I guess you can probably do it in person also.
Under a cafeteria plan employees get pre-tax benefits.
A cafeteria plans allows employees to get certain benefits without paying taxes on them.
Jordan's Underprices
If you find a lower advertised price on identical merchandise under the same terms and conditions from another store-based retailer within the local Retail Trade Area, within 30 days of purchase, Jordan's Furniture will refund the difference.
Industry: Retail; Furniture
Answer:
These data suggest that Ms. Thomson should buy less of B and more of A.
Explanation: When comparing the marginal utility of two products, it is advised that a consumer should buy more of the product that give them the highest marginal utility per unit money spent on such a product.
What this basically means is this, for a consumer to maximize their utility, they should spend more on products that yield the highest marginal utility per unit money.
Therefore in the scenario given above, we will calculate to see which product yields the highest marginal utility.
For product A, the marginal utility per dollar is 16/2 = 8.
For product B, the marginal utility per dollar is 24/4 = 6.
We can now see that Product A has this higher marginal utility per dollar, and therefore, more of this product should be consumed and less of Product B should be consumed.