<span>I this case, the loan is still valid and at that point Mike would be responsible for finding a way to pay the loan back as agreed upon in the contract. This is called co-signing, when two parties both sign for a loan together. Both parties are responsible for the loan and even though David cannot be found, the loan must still be paid and Mike would be held responsible for this.</span>
Answer:
<u>X= $15,692.9393</u>
Explanation:
Giving the following information:
Number of years= 30
Final value= 1,000,000
First, deposit $10000 for ten years (last deposit at t=10).
After ten years, you deposit X for 20 years until t=30.
i= 6%
First, we need to calculate the final value in t=10. We are going to use the following formula:
FV= {A*[(1+i)^t-1]}/i
FV= {10000*[(1.06^10)-1]}/0.06= $131807.9494
We can calculate the amount of money to input every year. We need to isolate A:
A= (FV*i)/[(1+i)^n-1]
First, we need to calculate the final value of the $131807.9494
FV= PV*[(1+i)^n]
FV= 131807.9494*1.06)^20= 422725.95
We need (1000000-4227725.95) $577274.05 to reache $1000000
A= (FV*i)/[(1+i)^n-1]
A= (577274.05*0.06)/[(1.06^20)-1]= 15692.9393
<u>X= $15,692.9393</u>
Answer:
The Tulip Mania in Holland went to a economic collapse in the value of Tulip bulbs in 1637. Stating this, even though, it didn't affect the Dutch economy at the time, since the Dutch Republic was the leading economy in the 17th century. Stating this, if Holland was did not possess financial stability, the following potential problems might occur:
1. The entire Dutch Republic might go into a depression, making every form of consumable and necessities inflated and money invaluable.
2. Might lead to a higher rate of unemployment, consequently resulting in other harmful factors like death.
3. Lastly, stating all of this, it would push back development for the Dutch and slow down progression.
Explanation:
I tried my best :)
The answer is to break down oxygen entering the respiratory system others are the functions.
Hope it helps:)
