Answer:
For (1) the answer is (C)
For (2) the answer is (B)
For (3) the answer is (D)
Rule of law is very important in case of country’s legal system
This means that no one can be regarded to be above the law in a society where the rule of law exists. In a parliamentary democracy, the rule of law places a duty on all citizens to uphold the law, and in order to do so, the legislation must be just and not arbitrary. The goal of the rule of law, like other constitutional concepts, is to advance peoples' freedom and basic rights.
People and corporations must abide by the regulations set forth by the rule of law in order to avoid penalties. The rule of law establishes norms for businesses so that they, too, know what is required of them in their transactions and enables people to comprehend what is expected of them in their personal capacities.
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Answer:
$5,050.25
Explanation:
The daily interest multiplier has already been stated to reflect interest earned over a 180-day investment timing horizon, hence , in order to determine the compound of $5,000 saved for 180 days, we simply multiply the daily interest multiplier for 180 days by the actual amount saved as shown below:
FV=PV*interest multiplier
FV=future value=amount in the savings account after 180 days=the unknow
PV=the amount placed in savings account= $5,000
interest multiplier= 1.010050
FV=$5,000* 1.010050
FV=$5,050.25
Answer:
<u><em></em></u>
- <em>At the end of the first compounding period: </em><u>$1,050.00</u>
- <em>At the end of the second compounding period: </em><u>$1,102.50</u>
Explanation:
<u />
<u>1. First period:</u>
- <em>APR = 10%</em> = 0.1 compounded semi-annually.
- <em>Semi-annually compound interest</em>: 0.1 / 2 = 0.05
- Interest earned at the end of the first period: $1,000 × 0.05 = $50.00
- Amount in the accoun at the end of the first period:
$1,000.00 + $50.00 = $1,050.00
<u>2. Second period</u>
- Amount in the account beginning the second period: $1,050.00
- Semi-annually compound interest: 0.1 / 2 = 0.05
- Interest earned in the second period:
$1,050.00 × 0.05 = $50.00 = $52.50
- Amount in the account at the end of the second period:
$1,050.00 + $52.50 = $1,102.50
