Answer:
Mitigate her damages.
Explanation:
In this scenario, Velma contracts with Gordon, who agrees to build a stone retaining wall and French drain on her property. The wall and drain are necessary to prevent erosion of her land, which is falling into the creek on her property at a rapid rate. If Gordon breaches the contract by failing to get to work, Velma is under a legal obligation to mitigate her damages.
Velma has the legal rights and responsibilities to make sure she does anything humanly possible to reduce or lessen the damages to her property.
She could sue Gordon for not getting to work or failing to start work thereby causing more damage.
Answer:
$1 = 1.372 CD
Explanation:
Spot rate, 1$ = 1.3750 Canadian dollars
Canadian securities annualized return = 6%
U.S. securities annualized return = 6.5%
Term = 6 month ≅(180 days)
Forward exchange rate in 180 days, 1$ = Spot rate * (1+US rate*6/12) / (1+CD rate*6/12)
= 1.3750 CD * (1 + 6%*6/12) / (1 + 6.5%*6/12)
= 1.3750 CD * (1 + 0.03) / (1 + 0.0325)
= 1.3750 CD * 1.03/1.0325
= 1.371670702179177 CD
= 1.372 CD
So, the the U.S. dollar-Canadian dollar exchange rate in the 180-day forward market is $1 = 1.372 CD
Answer:
To find the net worth, subtract the liabilities from the assets
Explanation:
Answer:
At 11.14% interest rate we need to invest 8,650.71 today
At 5.57% interest rate we need to invest 92,090.97 today
Explanation:
We will calculate the present value of 1,000,000 at 11.14% for 44 years
and at 5.57% for 44 years
Maturity 1,000,000.00
time 44 years
if rate = 11.4% = 0.114
PV 8,650.71
if rate = 5.57% = 0.0557
PV 92,090.97
