Answer:
Please find solution attached below
Explanation:
Answer:
$4,953
Explanation:
Given by the question, we have:
+) Present value of annuity = $17,400
+) Return on the investment = annual interest rate on the loan = 9.4%
The type of this annuity is annuity due.
We have the equation to calculate the present value of annuity due as following:
PV Annuity Due = P × [1 - (1 + r)^(-N)]/r × (1+r)
=> P = PV Annuity Due ÷ {[1 - (1 + r)^(-N)]/r × (1+r)}
In which:
+) P: Annual payment
+) r: annual interest rate = 9.4% = 0.094
+) N: Number of payments = 4 (As the loan is repaid in 4 payments)
+) PV Annuity Due = 17,400
=> P = 17,400 ÷ {[1 - (1 + 0.094)^(-4)]/0.094 × (1+0.094)} ≈ $4,953
In recent years, progressive firms have embarked upon co-orperate social initiaitives, where they will commit company resources and expertise toward helping in broad-based humanitarian situations. This is further explained below.
<h3>What is a firm?</h3>
Generally, a firm is simply defined as a firm Professional services are provided by a firm, which might be a corporation, a private corporation.
In conclusion, Co-operative social initiatives have been more popular among progressive businesses in recent years.
Read more about the firm
brainly.com/question/19132323
#SPJ1
The life insurance policy's main beneficiary is Daniel.
Because he will be the first to receive the life insurance coverage. The person who is first in line to receive the death benefit from your life insurance policy is known as a primary beneficiary, and they are often your spouse, children, or other family members.
The principal beneficiary of an IRA may be the spouse, whereas the primary beneficiaries of the same person's will may be the children. The IRA's proceeds will go to the spouse, and the children will get the assets for which they are the will's primary beneficiaries, but not the IRA.
The person or entity with the initial claim to your assets following your passing is known as the primary beneficiary.
To learn more about insurance policies
brainly.com/question/17479291
#SPJ4
Answer:
A coordination failure.
Explanation:
A coordination failure is the term used for describing a situation when two or more people fail to reach a mutually beneficial equilibrium because they lack a way to synchronize their actions. Thus, a coordination failure simply occurs when two or more people or businesses are lacking coordination in their actions and as a result are unable to reach a mutually beneficial equilibrium or compromise.
