Answer:
a. a release
Explanation:
Based on the scenario being described within the question it can be said that the agreement between Brick and Carmen is known as a release. This is a contract or agreement in which the individual accepting, agrees that they have absolutely no claim against the party that is named in the release. Which in this case would be Brick since he is the one that has offered Carmen $2,000 to not pursue any legal claim against him.
There is nothing following lol
Answer:
Friendly's would say you were paying <u>1042.86% APR</u>.
Explanation:
Annual percentage rate (APR) can be described as the yearly interest rate that is paid by a borrower to a lender which is expressed in percentage term without taking compounding into consideration.
Annual Percentage Rate (APR) can be determined using the following formula:
APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)
Where;
APR = ?
Fees = 0
Interest amount = Amount to repay - Amount to borrow = $12.00 - $10.00 = $2.00
Principal = Amount to borrow = $10.00
n = Number of days in the loan term = One week = 7 days
Substituting the values into equation (1), we have:
APR = {[(0 + 2) / 10 / 7] * 365} * 100
APR = 1042.86%
Therefore, friendly's would say you were paying <u>1042.86% APR</u>.
Answer:
See Below
Explanation:
We can use the future price formula here, which is:
Where
F is the theoretical future price
P is the present index standing
r_f is the risk free rate
d_y is the dividend yield
n is the number of months of the futures deliverable
Now,
given
P = 395
r_f = 0.1
d_y = 0.03
n = 3
Substituting, we get:
Actual future price is 404. The index future price is higher. So the strategy would be to sell the futures contracts. Long the shares underlying the index.
