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3 years ago

Is a notary public required to purchase an error and ommission policy

1 answer:

6 0

Answer - Keep in mind a notary errors and omissions insurance policy is a must-have coverage if you are a notary. According to state laws, the notary public has unlimited financial liability if he or she causes the public harm as a result of an error or omission.

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XZYY, Inc. currently has an issue of bonds outstanding that will mature in 16 years. The bonds have a face value of $1,000 and a

borishaifa [10]

Answer: 10.66%

Explanation:

The expected quoted annual rate of return when the bonds are bought and being held until maturity will be calculated thus:

Coupon payment = 1000 × 13% = 130

The Yield to Maturity formula will be:

= Rate(maturity period, coupon payment, -price, fave value)

= Rate(16, 130, -1176, 1000)

Yield to Maturity = 10.66%

Therefore, the expected quoted annual rate of return is 10.66%.

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2 years ago

Are futures a good way to save for a retirement?

Tomtit [17]

At Equitable, We Believe That The Best Plan For The Future is One Tailored To You. Equitable Can Help You Plan for the Future, No Matter How

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3 years ago

Which two men are largely credited with establishing the steel and oil industries in the united states? j.p. morgan and corneliu

mihalych1998 [28]

Answer : Andrew Carnegie and John Rockefeller.

Andrew Carnegie owned and operated the largest iron and steel company in the United States.

John.D. Rockefeller is credited with establishing the oil industry in the United States. His astuteness, efficiency and clear vision helped him to steer through the glut in oil drilling in the early 1860s and establish the oil industry.

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3 years ago

An investor makes three deposits into a fund, at the end of 1, 3, and 5 years. The amount of the deposit at time t is 100(1.025)

bulgar [2K]

Answer:

The size of the fund at the end of 7 years is $483.110

Explanation:

Number of quarters = 4

We are given that the nominal rate of discount convertible quarterly is 4/41

Discount rate in each quarter = $\frac{\frac{4}{41}}{4} = \frac{1}{41}.$

Let A is the value after discount and X is the original value:

$A = X - X(\frac{1}{41}) \\A=X(1 - \frac{1}{41}) \\A=\frac{40}{41}X\\X = \frac{41}{40}A$

Now To calculate the value after 7 years we need to multiply each value by the interest raised to the correct power.

$A=100 \times 1.025^1 \times \frac{41}{40}^{(7-1) \times 4}+100 \times 1.025^3 \times \frac{41}{40}^{(7-3) \times 4}+100 \times 1.025^5 \times \frac{41}{40}^{(7-5) \times 4}$

A=483.110

Hence the size of the fund at the end of 7 years is $483.110

3 0

2 years ago

If you work for yourself, you never have to worry about business ethics

ASHA 777 [7]

False. You should worry MORE about business ethics when you work for yourself to ensure for a better business and avoid getting sued

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2 years ago