Answer:
Annual deposit = $8208
Explanation:
Below is the calculation:
Future value of money, FV = $513000
Time period from 39 to 62 = 23 years
Interest rate = 8%
Annual deposit = FV (A/F, n, r)
Annual deposit = 513000 (A/F, 23, 8%)
Annual deposit = 513000 x 0.016
Annual deposit = $8208
B. 0.5% - 2% based on average tax return rates in the US
Answer:
Secured personal loan
Explanation:
A secured personal loan is a form of personal loan in which a borrower pledges an assest to the lender to acquire a loan. The assest could be sold in the event the borrower fails to repay the loan within the stipulated time
<span>The CPI is a measure of the overall cost of the goods and services bought by a typical consumer, and the CPI is computed and reported by the Bureau of Labor Statistics. The CPI stands for Consumer Price Index. The consumer price index will measure the weighted average pricing of what a basket of goods or services is priced at. They then calculate and average these prices to see what the price will change to overtime and how consumers will react to the market change in price. </span>
Answer:
Yes, it is a binding contract.
Explanation:
A contract is a legal binding agreement between two or more parties at the court of law. The agreement could be in terms of money, services, right or duties between the parties involved.
Since a consent has been reached between the two parties before the judge, Charles would pay the sum in the stipulated manner. The acceptance of the offer of payment by Sandra made it a binding contract for Charles, so he is bound by this service until he pays the full amount to Sandra.
