Roger wants to buy a new car, so he borrows money from the bank. Several months later, he
sells his car to Lisa, who agrees to pay the bank loan.
A) Roger is an intended third-party beneficiary.
B) Lisa is an intended third-party beneficiary.
C) Lisa is an incidental third-party beneficiary.
D) The bank is an intended third-party beneficiary.
E) The bank is an incidental third-party beneficiary.
D
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Approximately how much should be accumulated by the beginning of retirement to provide a $4200 monthly check that will last for 10 years, during which time the fund will earn 12% interest with monthly compounding?
a. $257,613.13 b. $292,742.19 c. $443,520.00 d. $470,400.00
Which of these statements about subdeliverables is BEST?
A) Subdeliverables have durations of their own. B) Subdeliverables consume resources. C) Subdeliverables have direct assignable costs. D) Subdeliverables summarize the outcomes of work packages.