Answer:
c)
Explanation:
The costumer has no spouse or dependents. This negates the value of the death benefit. The founds has no liquid due to the surrender fees, and there is also 10% penalty on withdrawals before age 59.5
Answer:
Fiduciary
Explanation:
A fiduciary is a person that is appointed to protect the interests of his principal.
He should ensure that all transactions favor his principal maximally. It also entails full disclosure.
In this case, Mark was going to be the beneficiary of the sale. Even if the site was sold at fair market value, Mark has responsibility to fully disclose the source of the transaction to Anna.
Conflict of duty is when the fiduciary benefits from his position. This is not allowed.
Answer:
Imagine that you have won $100 in the state lottery. You have a choice between spending the money on shopping now or putting it away in a
savings account for one year. You decide to spend the money now on shopping. Thus, you will lose the interest that you could have earned by
saving the money. The lost interest is the
<u><em> opportunity cost</em></u> cost of spending money now.
Explanation:
The opportunity cost is the price you pay for not choosing best second alternative when you make a decision. In this case the person has two options:
1. Spending the money
2. Save the money
Once the money is spending the opportunity costs is generated and it is measure by the interest rate lost for not keeping the money in a savings account that will generate an interest rate known as APY Annual Percentage Yield.
One technology used to travel to space is a spacecraft. It is a vehicle or machine designed to fly in outer space. One technology used to return from space is a capsule. Astronauts occupy the capsule and as it goes down, the capsule performs systematic processes for a safe landing.
