lily invested $10,000 five years ago with an insurance company that has paid her 4 percent (apr), compounded semi-annually (twice per year). how much interest did lily earn over the 5 years?

Answers

Answer 1

To calculate the interest earned by Lily over the 5 years, we can use the formula for compound interest: A = P * (1 + r/n)^(nt).

let me explain the formula in more detail:

\(A = P * (1 + r/n)^(nt)\)

A represents the final amount (principal + interest) after t years.

P is the initial principal, which in this case is $10,000.

r is the annual interest rate, which is 4% or 0.04 in decimal form.

n is the number of times the interest is compounded per year, which is 2 times per year in this case.

t is the number of years, which is 5 years in this case.

Plugging in the values:

\(A = $10,000 * (1 + 0.04/2)^(2 * 5)\\A = $10,000 * (1.02)^10\\A = $10,000 * 1.0714456756\\A = $10,714.456756\)

So the total amount Lily has after 5 years is $10,714.456756, which means she has earned $714.456756 in interest over the 5 years.

To learn more about compound interest please click on below link.

https://brainly.com/question/14295570

#SPJ4


Related Questions

There is no such thing as a free lunch is a famous economic expression that means everything has a cost. In one or two sentences, describe how this expression relates to opportunity cost.

Answers

Answer:

Explanation:

In order to cease an opportunity work effort, resources, money and/or time must be used.  Every time we do one thing we need to forgo doing something else and in this way there is an opportunity cost to everything that we do.  If we are going to go after receiving the rewards of an opportunity it will because we put effort and resources into that opportunity instead of something else.

If a company receives cash from a customer before performing services for the customer, then:.

Answers

Answer:

assets increase and liabilities increase. ... individual accounting record of increases and decreases in specific asset, liability, and stockholders' equity items.

Calculate the return on investment for an advertisement from the given data. Net sales is $1,000, and advertising cost is $50.

Answers

Answer:

2,000 %

Explanation:

Return on investment for an advertisement = Sales / Advertisement Cost x 100

therefore,

Return on investment for an advertisement = $1,000 / $50 x 100

                                                                        = 2000 %

the sale of available-for-sale debt securities should be accounted for on the statement of cash flows as a(n)

Answers

Available-for-sale (AFS) debt securities may be recorded on the balance sheet as current assets if they are expected to be sold within a year or as long-term assets if they are expected to be kept for more than a year.

AFSs are debt or equity securities that are bought with the intention of selling them before they mature.

These securities that are offered for sale are reported at fair value.

Accumulated other comprehensive income, which is shown in the equity column of the balance sheet, includes unrealized gains and losses.

Securities that have been bought and invested in must be categorized as being held till maturity, held for trading, or available for sale.

Contrary to trading investments, an AFS security's gains and losses appear in the other comprehensive income (OCI) classification up until the security is sold rather than in net income. The income statement shows net income. Therefore, the income statement does not include unrealized gains and losses on AFS securities.

To know more about debt securities  click here,

https://brainly.com/question/29693202

#SPJ4

Type the correct answer in the box. Which Financial Assets can be traded on the stock market?

_____ are tradable financial assets that are sold and bought on the stock market.​

Answers

Your answer is Treasury Bill!

Hopefully, this helps! :D

Please give branliest!

State two advantages of advertising in a newspaper compared to radio advertising.

Answers

Answer:

Radio advertising is come and gone once it plays so people can miss it.

Newspaper advertising is cheaper.

Explanation:

An individual has a comparative advantage in producing a good or service if the _____ cost of producing the good or service is _____ for that individual than for other people.

Answers

An individual has a comparative advantage in producing a good or service if the opportunity cost of producing the good or service is lower for that individual than for other people. What is Comparative Advantage? Comparative advantage is a concept that is used in economics.

When an individual, company, or nation has the comparative advantage in the production of a product, they can generate it at a lower opportunity cost than another entity. Opportunity Cost and Comparative Advantage Opportunity cost is the cost of choosing one thing over another. In economics, the concept of opportunity cost is significant in determining comparative advantage.

Opportunity cost can be measured as the cost of the next best option when deciding to choose between alternatives. A country, an individual, or a company has a comparative advantage if the opportunity cost of generating a good or service is less than other countries, individuals, or companies. Thus, when an individual has a comparative advantage, they have the capacity to generate a product at a lower cost than another entity.

To know more about service visit:

https://brainly.com/question/30418810

#SPJ11

If you want to compare two different investments, what should you calculate? A. The compound interest B. The ROI percentages C. The ROI dollar amounts D. The capital gain Please select the best answer from the choices provided A B C D

Answers

Answer: B. The ROI percentages

Explanation: Making comparison between investments in terms of returns will involve calculating the ROI as a percentage. The ROI refers to the return on an investment which is the ratio of the net profit made from an investment and the cost of the investment. That is ;

ROI = (Net profit / cost of investment) × 100

Investment with greater or higher return on investment (ROI) is usually regarded as the best investment between alternatives. For instance two investments, A and B with ROI of 5% and 10% respectively. Investment B has a higher ROI than A and thus considered has the better investment decision.

Answer:

BBBBBBBBBBBBB

ROI percentages

Explanation:

did the test

A company that makes custom staircases uses computer modeling to ensure that the process used makes the most efficient use of resources and effectively design their products. The company is equipped with __________ technology.

Answers

A company that makes the most efficient use of resources and effectively design for their product is equipped with management technology.

What is management technology?

It is the efficient use of organization resource under some set of management disciplines that helps the industry or organization to produce efficiently.

The firm manages the production process using some key principles and output more efficient.

Therefore, The company is equipped with management technology.

Learn more on management technology here,

https://brainly.com/question/14688347

An Insurance aging report can be printed in ______ format, listing all companies alphabetically

Answers

\(\huge\bold{\purple{\bold{⚡Landscape⚡}}} \)

Answer:

An Insurance aging report can be printed in landscape format, listing all companies alphabetically

Explanation:

Print - Select this option to print the Insurance Aging report. NOTE: This report should be printed in a landscape format instead of a portrait format.

Jay asks his friends for advice: "Should I start doing mobile banking now that I've got my new smart phone?" Which friend is correct in their statement on the benefits of mobile banking?

Answers

The benefits of mobile banking include Convenience, time saving,  Easy to monitor, Bank on the go and many more.

What is mobile banking?

Mobile banking is the act of making financial transactions on a mobile device (cell phone, tablet, etc.). Advantages to mobile banking include the ability to bank anywhere and at any time.

Mobile banking typically uses an app that is provided by the financial institution for this purpose. Mobile banking is available on a 24-hour basis and is often dependent on the availability of an internet or data connection to the mobile device.

Learn more about Mobile banking here,

https://brainly.com/question/25080140

#SPJ1

you have been offered a job that pays an annual salary of $48,000, $51,000, and $55,000 over the next three years, respectively. the offer also includes a starting bonus of $2,500 payable immediately. what is this offer worth to you today at a discount rate of 6.5 percent? group of answer choices $130,983.56 $134,383.56 $129,640.14 $132,283.56 $138,066.75

Answers

You are thinking about a project that is anticipated to bring in $138,066.75 annually.

How do you calculate the cash flow from an annuity?

The periodic cost of capital When the cost of capital is constant across all maturities, an AFs is the sum of the DFs for each cash flow in the annuity.

A stream of cash flows is what?

A sequence of equal-amount cash flows that occur at predictable, periodic times. When determining the comparable future value of a present amount of liquidity, the effect of time on value or the rate at which time affects value is taken into account a series of regular financial flows that never ends an infinite annuity.

To know more about Annuity visit:-

https://brainly.com/question/23554766

#SPJ4

Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply

Answers

Ans: people with skills that are high in demand but low in supply

They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply

Match each item to the correct document.

listing of volunteer activities

transcripts

presentation done at your last

job

degrees earned

Portfolio

Resume

Answers

Answer:

transcripts degrees earned

listing of volunteer activities portfolio

presentation done at your last job resume

Explanation:

a transcript is earned after getting a degree

A standard Résumé includes a "summary" of relevant educational background and work history. A transcript is a documented record.A portfolio is an organized, visual collection of a person's progress, achievements

What is Resume ?

A standard résumé includes a "summary" of relevant educational background and work history. The résumé is normally one of the first things a potential employer sees about a job seeker, along with a cover letter and occasionally an application for employment, and is commonly used to screen applicants, frequently followed by an interview.

What is Transcript ?

A transcript is a documented record (inventory) of a student's academic progress that includes their complete enrollment history, all courses (or subjects) they have attempted, grades they have received, and any degrees or awards they have received.

The Family Educational Rights and Privacy Act of 1974 forbids the publication of information from an official transcript to a third party without that party's permission in the United States. A crime is classified as altering a transcript instates.

What is Portfolio ?

A portfolio is an organized, visual collection of a person's progress, achievements, and efforts that demonstrates his/her accomplishments. The collection is a marketing tool aimed at potential employers that includes work samples and personal feedback on them.

Hence

listing of volunteer activities             -  Portfoliopresentation done at your last job   -   resume degrees earned                                 -   Transcript

Learn more about Documents here

https://brainly.com/question/27765448

# SPJ 5

What is Bloom’s Taxonomy?
( no c0py from g00+gle)

Answers

Answer:

a set of three hierarchical models used to classify learning objectives into levels of complexity and specificity

Answer:

Bloom's Taxonomy is a Hierarchal Pyramid used to classify the objectives when learning something into: creating, evaluating, analyzing, applying, understanding, and remembering.

Explanation:

A licensed real estate broker who shall by choice elect to work under the name and supervision of another individual broker or another broker who is licensed under a partnership, trade name, LLC or corporation is known as a

Answers

Answer:

Associate Real Estate Broker

Explanation:

which type of segmentation divides a market by the amount of product bought or consumed?

Answers

Usage-rate segmentation is a sort of market segmentation that separates a market based on the quantity of a product purchased or consumed.

Usage-rate segmentation includes grouping clients according to how much they use a product, which can be determined by how often they buy it, how much they consume, or how much they spend on it.Businesses can discover distinct client groups that engage with their products to differing degrees by segmenting the market based on usage rate. This segmentation strategy enables firms to target particular consumer segments with their marketing initiatives and product offerings. To encourage repeat purchases, loyalty programmes or other special discounts, for instance, may be directed at customers who use a product frequently, whilst other messages or incentives may be needed to encourage increased use among occasional or light users.

learn more about segmentation here :

https://brainly.com/question/12622418

#SPJ11

5. Now create your production possibilities curve, based on the information in the table you just filled out. Use the chart shown as a model, but note that your numbers and your curve will be different. Depending on the numbers you wrote in your table, your "curve" may even look more like a slant. (2 points)

5. Now create your production possibilities curve, based on the information in the table you just filled

Answers

Two unitsblankets and socks—are depicted in the production possibilities curve model. However, in relation to another illustration, coffee and sugar.

What is  production possibilities curve?

A production possibility curve essentially depicts two items graphically. The "production possibility frontier" is another name for PPC.

Underutilization of resources and technology is demonstrated by the production possibilities curve model. One unit is added while another is sacrificed on the production possibilities curve. Levels are displayed at various places.

The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction. The downward slope of the concave shaped.

As a result, production possibility curve model is two different commodities such as sugar and coffee.

Learn more about on production possibility curve, here:

https://brainly.com/question/15179228

#SPJ1

You invest $3500 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and triple. (Round your answers to two decimal places.) r = 0.0455 (a) double yr (b) triple yr

Answers

The time required for the amount to double is 15.21 years, and the time required for the amount to triple is 22.51 years.

Given that an amount of $3500 is invested in an account at an interest rate of r compounded continuously. We need to determine the time required for the amount to double and triple. The value of r is given as r = 0.0455.

The formula for continuously compounded interest is given by:A = Pertwhere A = amount, P = principal, e = exponential function, r = interest rate, and t = time.

We know that the principal (P) = $3500, and r = 0.0455. Therefore, the formula becomes:A = 3500e^(0.0455t)

Now, we need to find the time required for the amount to double.

Let D be the amount when the initial amount doubles. Therefore, the formula becomes:

2P = Pe^(rt)ln(2) = rt

Therefore, t = ln(2)/r

Now, substitute the value of r in the above equation.t = ln(2)/0.0455 = 15.21 years

Therefore, the time required for the amount to double is 15.21 years.

Next, we need to find the time required for the amount to triple. Let T be the amount when the initial amount triples. Therefore, the formula becomes:

3P = Pe^(rt)ln(3) = rt

Therefore, t = ln(3)/r

Now, substitute the value of r in the above equation.t = ln(3)/0.0455 = 22.51 years

Therefore, the time required for the amount to triple is 22.51 years.

In summary, the time required for the amount to double is 15.21 years, and the time required for the amount to triple is 22.51 years.

Know more about continuously compounded interest  here,

https://brainly.com/question/9815648

#SPJ11

A. Environmental Protection Agency B. Consumer Product Safety Commission C. Food and Drug Administration D. Securities and Exchange Commission E. Federal Trade Commission

Answers

Complete Question:

If a business refuses to comply with a request by the _____, the agency can issue a cease-and-desist order, which gives a final demand to stop an illegal practice.

Group of answer choices.

A. Environmental Protection Agency

B. Consumer Product Safety Commission

C. Food and Drug Administration

D. Securities and Exchange Commission

E. Federal Trade Commission

Answer:

E. Federal Trade Commission

Explanation:

The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.

Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them.

Furthermore, the consumer protection laws enforceable by the Federal Trade Commission (FTC) guarantees truthful information in the marketplace at all times. This is achieved by requiring that business firms only make claims about their products and services that can be proven.

Hence, if a business refuses to comply with a request by the Federal Trade Commission, the agency is legally empowered by law to issue a cease-and-desist order, serving as a final demand or warning to stop engaging in an illegal practice.

if you were running a business. what would be one fear you would have about working with a partner ?​

Answers

I think it would always be the backstab fear that comes to mind first.

:)

levels signal low fat stores, prompting individuals to eat.

Answers

Low leptins levels signal low fat stores, prompting eating.

Bulimia is an eating  complaint. It's characterized by  unbridled  occurrences of gorging, called bingeing. This is followed by  purifying with  styles  similar as  puking or abuse of laxatives. Bingeing is eating much larger  quantities of food than you would  typically eat in a short period of time,  generally  lower than 2 hours. You may feel like you ca n’t stop or control these  occurrences of binge eating.   The binge- purge cycles can be from  numerous times a day to several times a week.   frequently, people with bulimia keep a normal or above normal body weight. This lets them hide their problem for times. numerous people with bulimia do n’t seek help until they reach the  periods of 30 or 50. By this time, their eating  geste is deeply  hardwired and harder to change.

To know more about fat stores:

https://brainly.com/question/28145341

#SPJ4

Complete question is:

What do low leptins do?

Which statement indicates the impact of globalization on the African farming community?

Answers

The statement that indicates the impact of the Globalization on the African farming community is use of modern methods of farming increased the crop production of the people.

What is Globalization?

Globalization is a term which refers to the interconnection and interaction of the economy with that of the world's economy. It involves the exchange of the knowledge, trade, technology and even people.

The complete image of the question is attached below.

The African farmers faced many challenges but still they are graced with a very appropriate soil type, which has been aided by modern irrigation practices, fertilizers.

Many of the international aggro-processing company that set up factory near the village in the hopes of obtaining easy and cheap labor. As a result of these factors, people's crop production has increased dramatically.

Learn more about farming here:

https://brainly.com/question/12586721

#SPJ1

Which statement indicates the impact of globalization on the African farming community?

What are benefits of social media?

Answers

Here are the several benefits of social media in business:

It is an inexpensive channel for promotion.Can do more specific targeted promotions.Can find out the trends in the market much faster.

What Are The Benefits Of Social Media In Marketing?

Marketing is an activity of informing about the goods or services offered by the company to consumers. One way that can be used today is social media marketing where companies use social media as a channel to introduce their products to consumers. This social media marketing can be done both for free and for free, so it is one of the relatively inexpensive promotional efforts. Apart from that, one of the advantages of social media marketing is the existence of targeted promotions where companies can know that the advertisements they have made will be received by the appropriate target market.

Learn more about digital marketing at https://brainly.com/question/30112682

#SPJ4

ECONOMICS-100pts-NEED THIS DONE BY TODAY-
List and fully explain each of the phases of the Business Cycle.

Answers

Answer:

Explanation:

1. Expansion

The first stage in the business cycle is expansion. In this stage, there is an increase in positive economic indicators such as employment, income, output, wages, profits, demand, and supply of goods and services. Debtors are generally paying their debts on time, the velocity of the money supply is high, and investment is high. This process continues as long as economic conditions are favorable for expansion.

 

2. Peak

The economy then reaches a saturation point, or peak, which is the second stage of the business cycle. The maximum limit of growth is attained. The economic indicators do not grow further and are at their highest. Prices are at their peak. This stage marks the reversal point in the trend of economic growth. Consumers tend to restructure their budgets at this point.

 

3. Recession

The recession is the stage that follows the peak phase. The demand for goods and services starts declining rapidly and steadily in this phase. Producers do not notice the decrease in demand instantly and go on producing, which creates a situation of excess supply in the market. Prices tend to fall. All positive economic indicators such as income, output, wages, etc., consequently start to fall.

 

4. Depression

There is a commensurate rise in unemployment. The growth in the economy continues to decline, and as this falls below the steady growth line, the stage is called a depression.

 

5. Trough

In the depression stage, the economy’s growth rate becomes negative. There is further decline until the prices of factors, as well as the demand and supply of goods and services, contract to reach their lowest point. The economy eventually reaches the trough. It is the negative saturation point for an economy. There is extensive depletion of national income and expenditure.

 

6. Recovery

After the trough, the economy moves to the stage of recovery. In this phase, there is a turnaround in the economy, and it begins to recover from the negative growth rate. Demand starts to pick up due to low prices and, consequently, supply begins to increase. The population develops a positive attitude towards investment and employment and production starts increasing.

Employment begins to rise and, due to accumulated cash balances with the bankers, lending also shows positive signals. In this phase, depreciated capital is replaced, leading to new investments in the production process. Recovery continues until the economy returns to steady growth levels.  

This completes one full business cycle of boom and contraction. The extreme points are the peak and the trough.

1.What is a farm business plan used for?



2.What environmental issues could have a negative effect on a farm?



3.Why is knowing agricultural statistics, background info, and soil characteristics about the territory in which your farm is located important?

Answers

Answer:

1. A farm business plan is used to outline the goals, strategies, and financial projections for a farm, and to guide decision-making and management.

2. Environmental issues that could have a negative effect on a farm include soil erosion, drought, flooding, pests and diseases, climate change, pollution, and loss of biodiversity.

3. Knowing agricultural statistics, background information, and soil characteristics about the territory in which your farm is located is important because it helps farmers make informed decisions about what crops to grow, how to manage the land, and how to address challenges and opportunities. This information can help farmers optimize their resources, improve their yields and profitability, and minimize risks and negative impacts on the environment.

Why do you think it is important to understand GDP?

Answers

GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well

an insured savings account is also known as a _______ savings account ​

Answers

Answer:

An FDIC insured account

Explanation:

A bank account at an institution where deposits are federally protected against bank failure or theft.

the property owned by margenthaler farms is taken by the city of maroa against the protest of the margenthaler family. this is known as

Answers

The property owned by Mergenthaler farms is taken by the city of Maroa against the protest of the Mergenthaler family. This is known as condemnation.

Who is Mergenthaler?The Ottoman Mergenthaler was a German-American inventor who was called the second Gutenberg when he invented the linotype machine. This machine revolutionized printing technology.Baltimore, Maryland is  known as the birthplace of the typesetting machine that revolutionized publishing.The linotype was invented in 1886 by German immigrant Ottmar Maggenthaler.Linotype, a typesetting machine in which characters are cast into type metal as  complete lines rather than  individual characters as in monotype typesetting machines. It was patented in the United States  by Ottmar his Mergenthaler in 1884. A linotype machine is a "line casting" machine used for printing. Manufactured and sold by the former Mergenthaler Linotype Company and affiliates. It was a hot metal setting system for casting wires of metal  for individual purposes.

To learn more about Mergenthaler from the given link :

https://brainly.com/question/18800495

#SPJ4

Megan is already looking ahead to graduation and a job, and she wants to buy a new car not long after her graduation. If after graduation she begins an investment program of $2,300 per year in an investment yielding 6 percent, what will be the value of the fund after three years? (Hint: Use Appendix A.3 (Links to an external site.) or the Garman/Forgue companion website.) Round Future value of Series of Equal Amounts in intermediate calculations to four decimal places. NO cents! DOLLARS ONLY

Answers

Answer:

$ 7,322  

Explanation:

$2300 per year is an annuity investment. The formula for future annuity value is as below

FV  =  A  × (1 + r)^n - 1 / r

                           

Where A = amount invested periodically

r = interest rate, 6% or 0.06

n = 3 years

Fv = $2300 x{ (1 +0.6)^3 -1} /0.06

Fv  = $2300 x (1.191016-1) /0.06

Fv  = $2300 x  ( 0.191016/0.06)

Fv =  $2300 x  3.1836  

Fv=  $ 7,322.28

Fv= $ 7,322  

 

Other Questions
one of your co-workers recently told you that he is HIV positive. he shared information with you that his partner is very ill with aids. i did shrek ..=o ... The following data relate to the direct materials cost for the production of 2,200 automobile tires:Actual: 51,700 lbs. at $1.70 $87,890Standard: 50,700 lbs. at $1.75 $88,725Required:a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.Direct Materials Price Variance __________ $ Direct Materials Quantity Variance __________ $ Total Direct Materials Cost Variance __________ $ b. The direct materials price variance should normally be reported to the __________ . When lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the__________. When the favorable use of raw materials is caused by the purchase of higher-quality raw materials, the variance should be reported to the__________. What diagnosis ofAdjustment Disorder (Fatigue/Sleepiness DDX) Combine like terms 4x+3(2x+5b)-4b-2x+6 the sweeping judgments and inferences we make from body language can predict meaningful life outcomes like who we hire, promote, or date. How Do OBJECTS BEGIN MOVING? HELPP ME!!! The Berlin Conference of 18841885 is most associated with theA. conservative response following the Napoleonic warsB. democratic reforms of suffrage and education in EuropeC. colonization of the African interiorD. postwar settlement of the Alsace-Lorraine territory as part of Germany typical skill that all property managers must be familiar with is known by the acronym gaap. gaap refers to what...? How does paragraph 6 impact the development of ideas in the text? WILL GIVE BRAINLIEST IF RIGHT Question 3 options: It demonstrates why the survivors elected Nicolich as the official leader of the group. It informs how the survivors of the crash relied on each other for moral support. It paints the people in the search party as cruel for abandoning their search. It shows that the survivors should not be criticized for resorting to cannibalism to survive. The first document to limit the power of government by establishing that the power of the monarchy is not absolute was Group of answer choicesPetition of RightsMagna CartaEnglish Bill of RightsDeclaration of Independence On the last day of school, Kendrick wants to bring in homemade breakfast biscuits for his classmates. He makes a batch of 25 biscuits using 8 cups of flour. How much flour is in each biscuit? y + x + 2y = 8y + 3 Which word is misspelled? O shelfs O bluffs O gulfs O beliefs Any individual who, for compensation or gain, takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan application, must be licensed as a Which of the following is a true statement about the map?The border between Canada and New York is a thin, black line; this indicates a national boundary.O The border between Canada and Vermont is a thick, black line, this indicates a national boundary.The border between Canada and the Vermont is a thin, blue line; this indicates a national boundary.The border between New York and Vermont is a thick, black line, this indicates a national boundary. Graph the image of the figure after a dilation with a scale factor of -2 centered at the point (-1,1). congress struck a blow against organized labor with the passage of the 1947 taft-hartley act. which of the following were features of this legislation? Anyone know the answer? Summarize chapter 1 and 2 of Jekyll and Hyde