Answer:
$118.83 per month that Zach must save.
Explanation:
This is a future value annuity as we know the cruise will cost $16500 in 4 years time as estimated by Zach for the cruise.
Fv is the future value for the annuity which is $16500
we also have i the interest rate which is 3.99% monthly
n is the number of periods in which the monthly amount is saved 4 x 12 =48
now we will substitute to the following formula and solve for C the monthly payments that Zach saves for the cruise:
Fv =C [((1+i)^n -1)/ i] now we substitute
$16500 = C[((1+3.99%)^48 -1)/3.99%)] then solve for C
$16500/[(1+3.99%)^48 -1)/3.99%] = C
C = $118.83 that Zach must save per month for 4 years to afford the cruise.
The answer would be 187.50
250 $ for 20 friends would be $12.50 per friend. So, 12.5 x 15 = $187.50
The requirement of Kameron, Candice, and Leo should be for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.
The information related to the pledged asset is as follows:
- A pledged asset is a valuable possession that could be transferred to the lender in order to secure the debt or a loan.
- The pledged asset should be considered as collateral that could be held by a lender and in return, it is for lending the funds.
- Also, it can decrease the down payment that should be needed for the loan along with this if there is any change in the interest rate so the same should be decreased.
Therefore we can conclude that, the requirement done by these three people is needed for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.
Learn more about the LLC here: brainly.com/question/1214636
Answer:
selling an investment for more than they paid for it
Hope this helps plz mark me brainliest
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