Answer:
The correct answer to the following question is A holder in due course.
Explanation:
A holder in due course is said to be a legal term , which describes about the person who has in good faith obtained a negotiable instrument and he or she has exchanged something valuable for that instrument, but the person is unaware of the fact that there might be some defect in the instrument like in title of person who is negotiating that contract.
Answer:
$115,643
Explanation:
The condo is now valued at $500,000
--> Future value (FV) of the condo in 5 years in 500,000 x 1.08^5 = $734,664
n = 5 years
i/r = 12%
Present value (PV) of the deposit now = 0 (no deposit has been made)
PMT (Amount of annual deposit need to be made) = ?
In order to find PMT, we need to input all the above info into financial calculator.
PMT = $115,643
Answer:
active partners are involved in daily running of the business.
sleeping partner are not involved in daily running of the business
Explanation:
Active partners are always involved in management while sleeping partners are not and mostly consists of financing not the business.
Answer:
It would take exactly 37 years
Explanation:
If we suppose that the economy starts at 10,000 billion dollars in 2020, the economy would only double by the year 2057, reaching a value of 20,399 billion dollars.
If we substract 2020 from 2057, we obtain 37, which is the number of years it took for this economy to double growing at a rate of 2% per year.
