Suppose your uncle shows you $100 today or $150 in 10 years. you would prefer to take the $100 today if the interest rate is <u>5 percent.</u>
<h3>What is the interest rate?</h3>
An interest rate is the quantity of interest due per period, as a proportion of the amount lent, deposited, or borrowed
The total interest on a quantity lent or borrowed counts on the principal sum, the interest rate, the compounding frequency, and the length of the period over which it is lent, deposited or borrowed.
<h3>How high will interest rates go?</h3>
Market participants think the Fed rate hike cycle will peak in December in a capacity of 3.5-3.75%, followed by rate cuts early next year. This is consistent with anticipations of a recession.
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Explanation:
When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.
Answer:
Prepare a detailed business plan on description of the business
Answer:
The correct answer is: Collateral Assignment.
Explanation:
Collateral assignment of a life insurance sets a lender as the beneficiary in front of the decease of the insured, so the benefits will be used to cover the debt of that loan. The lender could be the insured of the life insurance or anybody else the insured decides to appoint.
