Answer:
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Answer:
Explanation:
You need 2 people to have a conversation, not just words. You can’t just be in and empty room and just talk. You need someone else to talk to you.
Answer:
These elements are definable risk, a fortuitous event, an insurable interest, risk shifting and risk distribution. in addition, there is a very important legal difference between a reserve and an insurance company.
Answer:
A) $24,602
Explanation:
We can solve this question by finding the periodic deposits needed by using the formula:

where:
FV= future value = $220,000
PMT = periodic deposits required = ???
i = effective interest rate per period = 0.0331
n= number of deposits = 8
However, since the interest is compounded monthly, let's also calculate the effective interest rate
Effective interest rate =
where; r = 12.5% = 0.125

= 0.1324
Interest rate per period = 
= 0.0331
Then;

220,000 = PMT × 8.986
PMT = 
PMT = $ 24,482.5
Since A) $24,602 is closer to $ 24,482.5
Therefore, $ $24,602 must be deposited every three months