Answer:
Present Value= $11,523.99
Explanation:
Giving the following information:
Oven looks at his account and notices that if the current monthly interest rate stays constant he is expected to have $45,000 in 6 years and $89,000 in 9 years.
First, we need to calculate the interest rate compounded monthly using a variation of the future value formula:
FV= PV*(1+i)^n
Isolating i:
i= [(FV/PV)^(1/n)] - 1
FV= 89,000
PV= 45,000
n= 3*12= 36
i= [(89,000/45,000)^(1/36)]-1= 0.0191
i= 0.0191*100= 1.91% compunded monthly
Now, we can calculate the present value:
PV= FV/(1+i)^n
n= 6*12= 72
i= 0.0191
PV= 45,000
PV= 45,000/(1.0191^72)
PV= 11,523.99
Answer: C. The United States participated in negotiations to establish national elections that would reunify North and South Vietnam.
Explanation:
The Geneva Accords as they were known, were created after negotiations in Geneva where the representatives of 8 countries including the United States, met to forge a path towards the reunification of North and South Vietnam.
It was agreed during the negotiations that, an election to unify the two nations would be held in 1956, 2 years after the negotiations which occurred between May to July 21, 1954.
As President Lyndon Johnson only became president in 1963, this was not done under his administration.
The type of business that is a special type of license agreement is a partnership, as there is a legal written agreement between two parties, that grants the right to use trademarks and patents.
A partnership is a business that is shared by two or more entities, where the parties share legal and financial responsibility through a legal agreement.
Partnerships are more effective for businesses operating in the same sector, for the partnership to be more aligned with the business and increase the companies' positioning in the market.
Therefore, in a partnership, the parties involved will specify through a license agreement the distribution of property, profits and losses, responsibilities and their commercial relationship.
The correct alternative is letter A.
Find out more about partnership here:
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