Answer:
a.less than $500,000
Explanation:
For computing the amount we need to applied the present value which is to be shown in the attachment below:
Data provided in the question
Future value = $500,000
Rate of interest = 7% ÷ 2 = 3.5%
NPER = 2
PMT = $500,000 × 6% ÷ 2 = $15,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After applying the formula, the present value amount is $495,250.76
They b<span>oth share responsibility and control over the property</span>
Answer:
Administrative lag: The time it takes for policy to be effective
Explanation:
"B leasing a car for a certain period." Rob changes his car every year and prefers a car that is always under warranty. The option that will suit him best is that of B leasing a car for a certain period.