Answer:
2
Explanation:
The case would be thrown out of court, as many cases are each day
Answer: the maximum price (future amount) he could pay is
“$4,882.5“
Explanation:
The question above can be calculated using simple interest formula with amount ;
A = p + prt
A = p (1 + rt)
From above question, variables given are:
principal 'p' = $3,500
time 't' = 5years
interest rate = 7.9% = 0.079
A = p(1 + rt)
A= 3500[1 + 0.079(5)]
A = 3500 [ 1 + 0.395]
A = 3500 ( 1.395)
A = $4,882.5
Approximated to $4,883 as a whole figure.
This is the maximum amount he could pay after 5 years.
The answer is D hope this helps
Answer:
Vaporware
Explanation:
Vaporware is a product, which is generally software or hardware and it is announced in the public, however, it never got released nor it got cancelled or it missed the release date by many days. Vapor is used in the name to indicate that its advertisement is full of hot air with no substance. This issue been taken care to have fair competition in the industry.
In the given scenario, company choosing delay release until the bugs can be worked out is an example of Vaporware.
Answer:
Option two provides with the higher interest.
Explanation:
Giving the following information:
Option 1:
Present value= 100,000
Number of years= 3
Interest rate= 0.05
Option 2:
Present value= 100,000
Number of years= 3
i= 0.05/4= 0.0125
To calculate the interest for each option, we need to use the following formula:
Interest= PV*(1+i)^n - PV
Option 1:
Interest= 100,000*(1.05^3) - 100,000= $15,762.5
Option 2:
Interest= 100,000*(1.0125^12) - 100,000= $16,075.45
