She would have to pay back for the more expensive interest than the less expensive interest which will be calculated in the form of simple interest and compound interest .
Simple interest
10000 x .07 = 700
700 x 5 = 3500
total 13500
Compund interest
10000(1.06)^5 = 13382.26
13500 - 13382.26 = 117.74
118 rounded
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Answer:
The description of the given problem is described in the below explanation segment.
Explanation:
A supply as well as the demand-based economy with hardly any government regulation whilst general populace provisioning is fully controlled by the government, which would be aimed at satisfying person's welfare programs, is considered as the free market.
For commodities like the slightly elevated internet, we support free market rather than governmental provision for the aforementioned purposes:
- In something like a free market system, buyers decide the final success or failure of the items.
- Throughout the event of general populace procurement then perhaps the capitalist economy, there seem to be numerous failures such as time delays as well as misinformation.
Answer:
a. According to UPA Section 6, a partnership is
“the association of two or more persons to carry on as co-owners a business for profit…whether or not the persons intend to form a partnership.”
b. "Association" means coming together to act as one.
c. Yes. They qualify as forming an "association."
d. Yes. The situation involved in the case involves "two or more persons."
e. Yes. The situation in the case involves a business being carried on for profit.
f. When we say the partners must be co-owners, it means that the "two or more persons" are joint owners. Each partner owns a part of the entity.
g. The four elements of the definition of a partnership are met. This implies that the two corporations could form a partnership under the UPA or the Revised UPA (RUPA).
Explanation:
The act clearly identified that a partnership must have two or more persons coming together to carry on the business for profit as co-owners. The implication is that there are four elements that must be met for an entity to be declared a partnership. They include: "association," "two or more persons," "carry on a business for profits," and "as co-owners."
Answer:
$100,000
Explanation:
A triple indemnity clause attached to a life insurance policy should pay in case of accidental death three times the amount of the policy. But in order for this clause to be effective, the insured must not have any responsibility in the accident.
In this case, since the accident was caused by the insured, the triple indemnity clause doesn't apply, so the regular amount ($100,000) has to be paid to the beneficiary.