Answer:
A) if the mistake involves a material fact
Explanation:
Any party involved in the transaction, either Dale and Ezra, has the right to rescind the contract if the other party provided false information about a material fact that was relevant to the other party's intention of signing the contract. In contract law, a material fact is any fact that is important, significant or essential to any of the parties involved in a contract, e.g. size of a property, age of a property
Answer:
$3,129,414.40
Explanation:
i = 18% compounded monthly = 18% / 12 = 1.5% = 0.015
n = 2 yrs = 2 * 12 = 24 months
Growth(g) = 1% = 0.01
Present value of geometric series = A * [1 - (1+g)^n / (1+i)^n] / (I - g)
Present value of geometric series = $140000 * [1 - (1+0.01)^24 / (1+0.015)^24] / (0.015 - 0.01)
Present value of geometric series = $140000 * 1 - 0.8882352 / 0.005
Present value of geometric series = $140000 * 0.1117648 / 0.005
Present value of geometric series = $140000 * 22.35296
Present value of geometric series = $3,129,414.40
Thus, the present worth of the savings at an interest rate of 18% per year, compounded monthly is $3,129,414.40
Answer:
Thus, expected value of playing = $2.8 - $2 = $0.8
Explanation:
Cost of playing = $2
Expected return
10% chance to win $1 = $1 
10% = $0.1
25% chance to win back $2 = $2 25% = $0.5
50% chance to win $5 = $5 50% = $2.5
15% chance to lose $2 (being cost) = $2 15% = ($0.3)
= $0.1 + $0.5 + $2.5 - $0.3 = $2.8
Now for this we have to pay fixed cost $2
Thus, expected value of playing = $2.8 - $2 = $0.8
Answer:
8 years
Explanation:
the rule of 72 calculates how long it takes for an amount to double given interest rate
72 / 9% = 8 years
<span>The "official" proven reserves number is 265 billion barrels. There's two schools of thought on that.
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