Answer: $35,036
Explanation: We will calculate the present value of $922 for a period of 48 months, thus:
Payment (pmt) = $922
n = 48
r = 1% or 0.01
PV = pmt((1 - (1 ÷ (1+r)^n) / r)
PV = 922((1 - (1 ÷ (1 + 0.01)^48) / 0.01)
PV = 922((1 - (1 ÷ (1.01^48) / 0.01)
PV = 922((1 - (1 ÷ 1.612) / 0.01)
PV = 922((1 - 0.62) / 0.01)
PV = 922(0.38/0.01)
PV = 922(38)
PV = 35,036.
Therefore, the amount that can be borrowed is $35,036.
Answer:
c) the condition subsequent has occurred;
Explanation:
Since in the question it is given that the John and his wife Martha get a divorce and according to the divorce settlement contract she agrees to pay the alimony to John for $5,000 per month for his lifetime or until that time when he should remarry
If John remarries after three years, so the alimony benefits is ceased because the subsequent condition has occurred due to which he will not get the amount further in the future
Answer:C. If Justin accesses ESPN from a different computer, he will not be counted as a new visitor
Explanation: internet connectivity is recognised through the use of the IP(INTERNET PROTOCOL) ADDRESS.
The internet protocol number is essentially recognised and through it a particular connection is recognised, every connection has a unique internet protocol number, so it Justin connects with ESPN using another computer system he will be recognised as a new user as he is connected through another internet protocol number or address.
Answer: (A) Equity
Explanation:
The equity is the term which refers to the financial equity difference between liabilities value to the assets value. It basically helps in understand the investment process properly and also define the worth of the business in terms of assets.
According to the given question, the equity is one of the type of theory that help[s in understanding the given unfair situation. It helps in managing all the technical skills and evaluating the given situation properly by using the systematic approach.
Therefore, Option (A) is correct answer.
Answer:
b. Married taxpayers at any income level may contribute to a Qualified Tuition Program (Section 529 plan).
Explanation:
In the education incentive, there are different conditions, requirements, and criteria. The education incentive was developed to assist and provide financial supports. In the incentive, it is not true that taxpayers that are married who receive a certain amount of income should contribute to a Qualified Tuition Program.
