If You Invest $13 500 for 18 Months at 6

question 28

Multiple Choice

If you invest $13 500 for 18 months at 6.9% per annum simple interest,what is the value of your investment at the end of the 18 months?

• A) $14 431.50
• B) $14 897.25
• C) $21 647.25
• D) $22 815.00

Understand the legal definitions and distinctions between principal, agent, and subagent.

Comprehend the ways agency relationships can be established and terminated.

Recognize the liability implications for principals regarding the acts of agents.

Identify the duties and rights between principal and agent, including fiduciary responsibilities.

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Definitions:

Codicil

A document that amends or adds to an existing will, allowing for changes without the need to draft a new will entirely.

Executed

Completed or carried out; in legal terms, it refers to a document or agreement that has been signed and made effective.

Testators

Individuals who have made a will or testament in preparation for their death.

Property

Assets owned by an individual or entity, including both tangible items like real estate and cars, and intangible items like intellectual property.