Answer:
You will pay $744,680.85 for the policy
Explanation:
Step 1
Since cash flow is a perpetuity, we can derive the following expression;
P.V=C/r
where;
P.V=present value of the investment
C=cash flow
r=annual rate of return
In our case;
P.V=unknown
C=$35,000
r=4.7%=4.7/100=0.047
replacing;
P.V=35,000/0.047
P.V=744,680.8511
744,680.8511 rounded off to 2 decimal places=744,680.85
You will pay $744,680.85 for the policy
<span>D) given preference when applying for all state colleges</span>
Answer:
The purpose of a debt service fund is to pay back long term debt issued to finance a specific government project alongside with the principal and interest accrued to it.
Part B: Yes
Explanation:
A debt service fund require budgeting because with budgeting, payments of debts are easily managed and it also ensures fund availability as at the moment it is needed.
Cash flow ofcourse! because when u talk on a phone money is wasted and when you talk in real no money is wasted even if ur sms each other like on facebook the internet costs money so when u come up to a person there is no money wasted! Hope i helped:)
Answer: Effective Managers.
Explanation:
An effective manager is a manager that delivers successfully on tasks that he is in charge of and is very good in decision making. Manuel is well known for his ability to meet his objectives set and accurate decision making.