Answer:
This is because of the ethics guiding the body. For example, ethically, it is wrong for the agent to put his email address in the application in LEAN where it should have been the customer's own. <em>There is a possibility of the identity theft or fraud being committed when such happens.</em>
Explanation:
Answer:
$110,082
Explanation:
1. Year 0 - year 12
PV = $-25,500 (Amount of deposit today)
i/r = 5.9%
n = 12 years
PMT = 0 (no annual deposit)
FV (Value of deposits at end of year 12) =?
Using financial calculator, FV = $50,733
2. Year 13 - Year 27
PV = $-50,733
i/r = 5.3%
n = 15 years
PMT = 0 (no annual deposit)
FV (value of deposit at end of year 27) = ?
Using financial calculator, FV(27) = $110,082
Answer:
4.76%
Explanation:
The requirement in this question is determining the discount rate which gives the same present value in both cases since discount rates discount future cash flows to present value terms.
PV of a pertuity=annual cash flow/discount rate
PV of a pertuity=$17,000/r
PV of ordinary annuity=annual cash flow*(1-(1+r)^-n/r
PV of ordinary annuity=$30,000*(1-(1+r)^-18/r
$17,000/r=$30,000*(1-(1+r)^-18/r
multiply boths side by r
17000=30,000*(1-(1+r)^-18
divide both sides by 30000
17000/30000=1-(1+r)^-18
0.566666667=1-(1+r)^-18
by rearraging the equation we have the below
(1+r)^-18=1-0.566666667
(1+r)^-18=0.433333333
divide indices on both sides by -18
1+r=(0.433333333)^(1/-18)
1+r=1.047554315
r=1.047554315-1
r=4.76%
Answer: answer number 2
Explanation: it is the number answer 2 because you first open it then date stamp it and sort then distribute