Answer:
an abbreviation for people
Explanation:
hope it helps
Answer:
Willing to pay $3,800 for a used car.
Explanation:
Low Quality Used Car = $1000
Probability of getting low quality used car = 60%
High Quality Used Car = $8,000
Probability of getting high quality used car = 40%
Since both the low quality and high quality are used cars, we can calculate how much to pay for used car by taking weighted average of high quality and low quality used cars, and, assign weights as the probability of getting each car:
⇒(1,000 * 60%) + (8,000 * 40%)
⇒ 600 + 3,200
⇒ $3,800
Answer:
$10,340
Explanation:
The computation of k is shown below;
Rate per quarter = 6% ÷ 4 = 1.5%
In the case when perpetuity paid every year, the effective rate is
= (1 + 1.5%)^4 - 1
= 6.136%
Now Effective rate in the case when perpetuity paid every 5 years
= (1 + 1.5%)^(4 × 5) - 1
= 34.68%
Now
The present value of Both perpetuities = $6,500 ÷ 6.13635506249994% + $8,500 ÷ 34.6855006550052%
= $130,431.99
Now
annuity =k
Number of Periods=25
effective rate = 6.13635506249994%
Annuity k =PV ÷ ((1 - (1 + r)^-n) ÷ r
= $130,431.99 ÷ ((1-(1 + 6.13635506249994%)^-25) ÷ 6.13635506249994%
= $10,335.84
= $10,340
Answer:
As with any legal process, bankruptcy is a complex issue with both positive and negative consequences. Anyone considering filing for bankruptcy should consider all the possible outcomes before taking this step. Whether one is considering a Chapter 7 straight bankruptcy or a Chapter 13 repayment plan case, consulting with a qualified consumer bankruptcy attorney is paramount to ensuring that the process runs smoothly and advantageously.
