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ioda
3 years ago
5

Sasha is an agent for ABC Insurance Company. Under her agent contract, she is allowed to use the company's logo on her office do

or and on her business cards. What authority type does this illustrate?
Business
1 answer:
Nikitich [7]3 years ago
8 0

Answer: Express authority

Explanation: Express authority is when an agent has permission under a contract to act on a principal's behalf. This can come in the form of writing or orally. In terms of Sasha, who is an agent for ABC insurance , her contract states that she is allowed to use the company's logo for her business cards and to put on her office door. This means that the contract specifically gives her permission to do so. This is expressive, as the principal has granted Sasha, the agent, permission to do this under her contract.

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3 years ago
You are planning to save for retirement over the next 25 years. To do this, you will invest $1,000 a month in a stock account an
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Answer:

Monthly withdraw= $12,452.6

Explanation:

<u>First, we need to calculate the total accumulated at the moment of retirement. We will use the following formula:</u>

<u></u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Stock:

Monthly investment= $1,000

Interest rate= 0.09/12= 0.0075

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Bond:

Monthly investment= $700

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FV= {700*[(1.005^300) - 1]} / 0.005

FV= 485,095.77

Total FV= 1,121,121.94 + 485,095.77

Total FV= $1,606,217.71

<u>Now, the annual withdrawal:</u>

<u></u>

Interest rate= 0.07/12= 0.005833

Number of months= 12*20= 240

Monthly withdraw= (FV*i) / [1 - (1+i)^(-n)]

Monthly withdraw= (1,606,217.71*0.005833) / [1 - (1.005833^-240)]

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3 years ago
Insurance is a financial service that allows a
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<span>consumer to share liability with a company.</span>
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3 years ago
Read 2 more answers
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