Sophia purchased a variable annuity contract with a purchase payment of $80,000. Surrender charges begin with 6 percent in the first year and decline by 2 percent each year. In addition, Sophia can withdraw 9 percent of her contract value each year without paying surrender charges. In the first year, Sophia needed to withdraw $12,900. Assume that the contract value had not increased or decreased because of investment performance. What was the surrender charge Sophia had to pay?

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)

One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.

Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?