Answer:
the payment of the insurance premiums
Explanation:
Consideration in contract law refers to an exchange of something of value, e.g. I pay $5 in exchange for a hamburger.
In insurance contracts, consideration provided by the insured refers to paying the insurance premium. Consideration provided by the insurance company is the promise to pay in case of a covered loss.
So your down payment would be 70,000 (which is 350,000 X .2)
So you would be financing 280,000
Using the payment function
PV= 280,000
R= .036/12
N = 15*12= 180
Your payment would be: 2,015.45
Answer:
Lapping scheme
Explanation:
Lapping scheme -
It is a fraud practice , which involves the alteration of the accounts received to hide or cover the stolen payments .
This method involve taking the subsequent receivable payments and using them to cover the theft .
<u>And the next receivable is only applied when the previous is unpaid receivable .</u>
Answer:
Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 210,500 jobs. The NFP conventional contract pays out $85 for every job created in excess of the exercise price. a. What is the value of the option if job growth is 193,500.
The value of the option if job growth is 193,500 is $0.
Explanation:
Since the job growth of 193,500 is less than the exercise price of 210,500 jobs, the value of the option on the contract in the given question is Zero.
Therefore, the value of the option if job growth is 193,500 is $0.
