Answer:
Auto insurance policy with Bodily injury liability limits = 250/500
personal umbrella policy with a limit = $1 million
Self-insured retention = $500
Here, total claim = $750,000
Amount paid by the auto insurance policy = $250,000
Remaining = $750,000 - $250,000
= $500,000
Remaining claim amount of $500,000 shall be paid by the umbrella policy.
Answer and Explanation:
fair market value=$ 37,500
Residual value = $ 10,600
Lease term = 12 months
Rate = 20%
Ans:
Monthly pay = $2668.53
Total of 12 months payments = $32,022.42
Total interest = $ 5122.42
Principle amount = 84%
Interest = 16%
Benefits of the brent's company car are pay the 35600 miles during $ 32000 approx.
Answer:
$304,500
Explanation:
Interest payable on December 31, year 1 = $290,000 * 5%
Interest payable on December 31, year 1 = $14,500
Total amount of liabilities to be reported on the Balance Sheet, year 1:
= $290,000 + $14,500
= $304,500
So, the total amount of liabilities related to these bonds that will be reported on the balance sheet at December 31, Year 1 is $304,500.
Answer:
Therefore after 16.26 unit of time, both accounts have same balance.
The both account have $8,834.43.
Explanation:
Formula for continuous compounding :
P(t)= value after t time
= Initial principal
r= rate of interest annually
t=length of time.
Given that, someone invested $5,000 at an interest 3.5% and another one invested $5,250 at an interest 3.2% .
Let after t year the both accounts have same balance.
For the first case,
P= $5,000, r=3.5%=0.035
For the second case,
P= $5,250, r=3.5%=0.032
According to the problem,
Taking ln both sides
Therefore after 16.26 unit of time, both accounts have same balance.
The account balance on that time is
=$8,834.43
The both account have $8,834.43.
