Answer:
The value of the policy assuming the proposed rates is 142,769.63
Explanation:
Time line:
<--/--/--/--/--/--/----------------------------------------------------------//-->
We have 6 payment and then, a lump sum capitalize until age 65
First we calculatethe value up to the end of the six year:
First year:
Amount 1,576.47
Second year:
Amount 1,446.31
Third Year:
Amount 1,468.04
Fourth year:
Amount 1,346.83
Fifth year:
Amount 1,354.43
Six year:
Amount 1,242.60
Sum at the end of the six year: 7,080.25
<u>Then this capitalize up to 65 birthday:</u>
from the seventh birthday up to the 65th birthday
65 - 7 = 58 years
Principal 8,426.68
time 58.00
rate 0.05000
Amount 142,769.63
C. A board of directors :)
D asking your instructor to assign you a topic
Answer: 1/1.8
Explanation:
From the question, we are informed that 1 British pound can be exchanged for 180 cents of U.S. currency. To get the fraction that should be used to compute the indirect quotation of the exchange rate expressed in British pounds, we have to change the 180 cents to dollars first.
Since 100 cents = 1 dollar, 180 cents = 1.8 dollars. Therefore, fraction should be used to compute the indirect quotation of the exchange rate expressed in British pounds will be:
= 1/1.8
Construction expenditures should be debited when <u>D. The bill is approved for payment.</u>
<u>Explanation:</u>
In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.
This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.
Once the bill submitted by company is approved, then the retention amount will be automatically debited.
