Answer: 13.21%
Explanation:
IRR(-1000,{425,425,425)= 13.21%
Answer:
Explanation:
we assume fees paid as annuity(PMT)
Now we have to find Present Value (PV) of annuity
PV = PMT*(1-1/(1+r)n ) / r
PMT = 10600
n = 8 payments
3.9% compounded semi annual
r = 3.9% / 2 = 1.95% = 0.0195
PV = 10600*(1-1/(1+0.0195)8 ) / 0.0195
PV = 10600*0.143155 / 0.0195 = 73412.820513
Answer:Five years into operations, the corporation has still failed to make profits and consequently files for bankruptcy. Who has been defra
Answer: Quasi contract
Explanation: A contract that exist by the order of court and not by the agreement between the parties is called a quasi contact. These contracts are made by the court to avoid the unjust enrichment of the party. In simple words these are the contracts created by the actions of the parties. In this case Stella was injured so she must be taken to the hospital which resulted in a quasi contract between her and the hospital.