Answer:
The student should have in his account now the sum of $ 54,365
Explanation:
In arriving at the amount above,I used the present value formula,which is:
PV=FV/(1+r)^n
FV=future value=$15000 at the beginning of each of the four years
r[=rate=7%
n=number for each payment
The table below showed the detailed calculation
Year Cash flows FV/(1+r)^n
0 15000 15000
1 15000 14,019
2 15000 13,102
3 15000 12,244
Total 54,365
Please note that the beginning of year of year 1 is the same as year 0 and so on.
An Intermediate license is available to drivers between the ages of
D. 16 and 18
Answer:
d. even if Ichiro was only slightly at fault.
Explanation:
If Ichiro is suing Heather for negligence, but he himself is found to have negiglent as well, his possibilities of winning the case are less even if he was only slightly at fault.
This is because the fact that he was negligent as well reduces his condition of victim, and makes him an active participant in the accident. In other words, if Ichiro is found negligent, it means that the accident and his subsequent injuries were also his fault.
