Answer:
Reverse annuity mortgage
Explanation:
A reverse annuity mortgage can be defined as a loan that is been secured against the value of a person home or an individual home reason been that It allows and enables that individual to cash in some of his or her home's equity, without having to sell them or move out.
In another word REVEREE ANNUITY MORTGAGE can be seen a type of mortgage which occured when a homeowner's equity is been gradually depleted due to some series of payments from the mortgage holder to the homeowner which is why this type of mortgage is often used by people that are elderly homeowners who wish and desire to convert or turn all the equity in their homes into a stream of income that will serve as their retirement income payments.
I belive this is lateral job rotation .
hope this helps!
Answer:
11.87%
(12% to the nearest whole percentage)
Explanation:
From the perspective of time value of money,we understand that the value of stock after 3 years is the future value while the initial amount at which it was bought is the present value, on that premise,we can determine the annual rate of return using the formula below which shows the relates future and present values together:
FV=PV*(1+r)^n
FV=future value=$70
PV=present value=$50
r=annual rate of return which is unknown
n=investment timing horizon=3
70=50*(1+r)^3
70/50=(1+r)^3
divide indices on both sides by 3
(70/50)^(1/3)=1+r
r=(70/50)^(1/3)-1
r=11.87%
Value is defined as a customer's subjective evaluation of benefits relative to costs to determine the worth of a firm's product offering relative to other product offerings.
Answer:
Amount to be paid = $6,000
Explanation:
Trade discount is the reduction in the list price granted to a buyer. A 40% trade discount implies that Blue would have to pay only 60% of the list price.
The amount due for settlement = 10,000 - (40%× 10,000)= $6,000.
The term 2/10 implies that Jones is entitled to a cash a discount of 2% if it settles its invoice within 10 days following the invoice date. The deadline settlement date to receive the discount would therefore be August 6.
Since the account was settled on September 8 which is later than the deadline date set to qualify for the cash settlement discount, Blue would have to pay $6,000.
Amount to be paid = $6,000