Answer:
$23,088.62
Explanation:
We must determine the present value of Liam's investment discounted by his opportunity cost rate. The present value formula is:
PV = FV / (1 + r)ⁿ
PV = $52,000 / (1 + 7%)¹² = $52,000 / 2.2522
PV = $23,088.62
Answer:
In house counsel
Explanation:
In house counsel handle of legal matters of the firm, policy, tax and regulatory matters or may occupy managerial positions
For a plaintiff to establish that he or she has the standing to sue, the plaintiff must allege a personal stake in the resolution of the controversy.
<h3>Who is a Plaintiff?</h3>
A plaintiff is an individual or group who initiates a lawsuit in a court of law. The plaintiff by doing so seeks justice and a legal remedy for that particular problem.
When a plaintiff seeks to establish that he or she has a legal standing to sue, he must allege a personal stake in the resolution of the controversy. That way, he would properly establish the fact.
Learn more about a Plaintiff here:
brainly.com/question/7315287
The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.
In the given case, the BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%, which means the A.P.R is calculated on the basis of Prime rate and any change in prime rate will directly affect the A.P.R.
The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.
Hence the correct answer is:
b. Increase in A.P.R by 1%