The present value factor of an annuity that will mature in 20 years at an interest rate of 8% is <u>9.8181474.</u>
<h3>What is the present value interest factor?</h3>
It can be found by using the present value of an annuity formula of:
= Amount x ( 1 - ( 1 + rate) ^ - number of periods) / Rate
As there is no amount, solving gives:
= ( 1 - ( 1 + 8%) ⁻²⁰) / 8%
= 9.8181474
In conclusion, it is 9.8181474.
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An insured and his wife are both involved in a head-on collision. The husband dies instantly, and the wife dies 15 days later. The company pays the death benefit to the estate of the insured. This indicates that the life insurance policy had they were in the room alone
This is further explained below.
<h3>What is an insurance policy?</h3>
Both the insured person and his wife are engaged in an accident that occurs head-on. The husband passes away in an instant, and the wife follows him in passing 15 days later. The death benefit is paid out by the firm to the estate of the covered person. This suggests that the life insurance coverage would not have paid out if they were alone in the room.
In conclusion, A legal relationship exists between an insurance firm, often known as the insurer, and the person(s), business, or entity that is being covered under the terms of an insurance policy (the insured). Reading your policy gives you the ability to check that it satisfies your requirements and ensures that you comprehend both your duties and those of the insurance business in the event of a loss.
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Explanation:
Millennials are a generation of young people born between the 80s and 90s who were born in a globalized reality and with a strong presence of the internet.
These young people directly impacted the business world with their inclusive behaviors and values with respect to different cultures, genres, etc.
Traditional companies had to adapt to include this new generation in their processes. In the internal environment, a change in paradigms and organizational values can be noticed, turning the focus to diversity and corporate governance. It is also possible to perceive the interaction between employees, the reduction of bureaucracy in processes, the inclusion of technology to make work more automated and simplified.
In the external environment, it is possible to notice that the advertising campaigns have changed, with a more dynamic and youthful focus, focused on technology innovations and important issues for the generation, in addition to perceiving the increase of companies in social networks to build relationships with millennials.
By its target market, Foot's shoes seen as : Heterogeneous shopping products.
The company's product has a unique product that differentiate the product with others.
This will make the product very hard to substitute
