Answer:
$64,474.20
Explanation:
As for the information provided,
discount rate = 7.25%
First payment will be made at the end of year 1
Discounting factor =
Thus, current value of payment = = $26,107.20
Discounting factor for receipts =
Year 1 = = $28,000 0.9324 = 26,107.20
Year 2 =
Year 3 =
Therefore, value of contract today = - $26,107.20 + $26,107.20 + $30,429.0 + $34,045.20 = $64,474.20
Answer:
identifying data required to validate a concept
Answer:
Yes, because the statement was false.
Explanation:
Breach of warranty is defined as a misrepresentation of the quality or type of a product. The seller fails to fulfil a promise or claim made during a transaction.
When a good is being sold there are certain assertions which the seller must stand behind.
In this scenario Mark tells Leslie that his stereo has quadraphonic speakers because he was told that when he bought it.
The fact that the stereo did not have quadrophinic speakers should have been discovered and stated by Mark. The misinformation he got when buying the stereo does not clear him of breach of warranty
Answer:
I should pay off my smallest balance first. Then continue paying my smallest balances until I have paid all of my debt.
Explanation:
This is one of the lesson from the activity. That, loans and debts are important part of life of someone but the most important thing, is to remember to clear off those loans and debts. this could be done through the gradual payment till all the debts are cleared.