FW = 10000×(((1.05^5)-1)÷0.05)×1.05^5 = $70522.60
There is no profit. Hope this helps.
Answer:
A. $1,568.07
Explanation:
Amount financed = (1 - .25) ×$287,500 = $215,625
PV = $215,625 = C × (1 - {1 / [1 + (.0375 / 12)]180}) / (.0375 / 12) C = $1,568.07
<span>By law, your liability insurance policy must provide minimum amount of $60,000 for collisions in which more than one person is injured.
A contract or legal document between policy holder and contractor, containing the terms including when an in insurance company will pay the loss and when it can reject the claim under certain conditions.</span>