karinahelpz1008
28.08.2020 •
Business
1. You are the owner of a small business that is a defendant in a lawsuit in federal court. You received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. Your lawyer tells you that it is within your legal right to hire him to file an appeal with the United States Court of Appeals. If the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. Evaluate your lawyer's suggestion about appealing the decision.
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Ответ:
Kindly check explanation
Explanation: After the verdict of the judge, as a lawyer who stood for the defendant, the lawyers would want to find a way out of the verdict such that his client could get a more favorable judgment, hence the option to appeal. However, appealing the verdict of a court also has two possible outcomes, which are either winning and getting a more favorable verdict which is avoiding the whole or part of the $50,000 fine or losing again which ultimately results in more expenses incurred during the duration of the legal suit. It could also dent the image of the business as his decision to appeal may be deemed as obstinate.
Ответ:
Value of investment after 15 years will be $159,405.62
(or) $159,405 (rounded off)
Explanation:
value of retirement account after 15 years
Given information's are
His monthly savings = $500
Interest rate = 7%
Period = 15 years
Value of investment = ((P×(1+i)^n) + P),
where P is the principal,
i is the annual interest rate, and
n is the number of periods
Total investment = $500×12×15 = 90,000
Interest earned
= ((P×(1+i)^n) + P) = (6000 × (1-0.07)15) - 6000) = $69,405.62
Value of investment = (6000 × (1-0.07)15) + 6000) = $159,405.62