Answer:
The concept of equivalence, also known as economic equivalence, describes the reduction of a series of cash inflows (benefits) and cash outflows (costs) to a single point in time, using a single interest rate, which enables the cash flows to be compared or equated. This implies that while the amounts and timing of the cash flows (both inflows and outflows) may differ, an appropriate interest rate, factoring in the time value of money, will cause one set to be equal to the other. Therefore, to establish economic equivalence, series of cash flows that occur at different points in time must be equalized using a single interest rate through present value calculations.
Explanation:
The concept of equivalence describes a combination of a single interest rate and the idea of the time value of money. This combination helps to determine the different amounts of money at different points in time that are equal in economic value, such that a person would not hesitate to trade one for the other.
For example, if the interest rate is 10% in Year 1 and in Year 2 and you are to be paid $1,000 in Year 1, it will not make any difference to you if you are paid $1,100 in Year 2. This is because, given the prevailing interest rate of 10%, the value you receive in Year 1 and Year 2 are equivalent.
Answer:
The answer is: principle of Comity
Explanation:
The principle of Comity refers to legal reciprocity between different jurisdictions. This means that one jurisdiction will extend courtesy (recognize their executive, legislative and judicial acts) to other jurisdiction within the same country or foreign nation.
Answer:
Step 1: Understand why Your Customers use Your Product. ...
Step 2: Identify the Market You're in and the Persona You're Going After. ...
Step 3: Determine the Market's Maturity. ...
Step 4: Determine People's State of Mind. ...
Step 5: Tying it Together. ...
Conclusion.
Explanation:
Answer:
Proceeds will be paid to P's estate
Explanation:
Common-disaster provision can be seen as a provision that occured in a situation where the insured person and the primary beneficiary of the person, die in the same car accident, the secondary beneficiary will therefore be entitled to the benefits.
Hence,Under the Common Disaster provision, the Proceeds will be paid to P's estate because K is the insured and P is the sole beneficiary on a life insurance policy in which both of the two parties are involved in a fatal accident and K dies before P.
