Answer:
Transaction Costs is the correct answer.
Explanation:
Answer:
Kelsey owns a cottage in which her aunt Matilda lives.
Kelsey wants to insure that Matilda can live in the cottage for the remainder of her life, but when Matilda dies, title to the property will return to Kelsey.
Kelsey can accomplish this objective by granting Matilda a Drag and Drop the appropriate terms into the spaces provided
A life tenant has the OBLIGATION to keep the property in good repair and to pay property taxes.
The two types of CURRENT ownership are tenancy in common and joint tenancy.
Concurrent ownership MENTIONATED can also be held in a tenancy by the entirety or as community property.
In most states, it is PRESUMED that a co-tenancy is a tenancy in common.
With a joint tenancy a deceased joint tenant's interest IS TRANSFERED to the surviving joint tenant or tenants.
The right of survivorship DISTINGUISHED a joint tenancy from a tenancy in common.
When a joint tenant transfers her or his rights to another without the consent of the other joint tenants, doing so TERMINATED the joint tenancy.
Explanation:
Kelsey and her aunt Matilda, they made an agreement so that Matilda can usufruct the house while she lives, and when she dies she becomes Kelsey.
Answer:
FV= $15,482.98
Explanation:
Giving the following information:
Monthly investment= $265
Number of periods= 12*4= 48
Interest rate= 0.0975/12= 0.00813
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {265*[(1.00813^48) - 1]} / 0.00813
FV= $15,482.98
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Answer: $1,274
Explanation:
Credit terms of 2/12, n/30 mean that the buyer is allowed a 2% discount if they pay in 12 days otherwise they would have to pay the full figure in 30 days.
Borth returned $300 so the net merchandise value they bought it;
= 1,600 - 300
= $1,300
Check was sent within discount period;
= 1,300 * ( 1 - 2%)
= $1,274
