Answer:
73 years
Explanation:
To solve this problem, we can use the formula for the annual compound interest, which is:

where:
A is the final amount after time t
P is the principal
r is the rate of interest
t is the time
In this problem, we have:
is the principal
is the interest rate (5.5%)
We want to find the time t at which the amount of money is
A = $100,000
Therefore, we can re-arrange the equation and solve for t:

So, it will take 73 years.
<span>b. he/she is not making good use of scarce resources</span>
Answer:
$5,500 USD
Explanation:
Since traditional Roth IRA accounts cannot be owned jointly, then both individuals must have their own account. That being said they can still contribute to each other's Roth IRA accounts on behalf of their spouse. You can contribute a total of 100% of your earned income up to a limit of $5,500 USD. Pensions are not allowed as contributions. Individual's over the age of 50 have a limit of $6,500
Answer: D) employees require additional training
Explanation: Overtime can be defined as the rate of pay, usually higher, for work done by employees or workers outside of or in addition to regular working hours. While employees who work overtime hours are motivated by the extra income to be had, there are some disadvantages that comes with it some of which include numerous mental, physical, and social effects such as stress, lack of free time, poor work-life balance, and health risks. They may require extra energy to perform at a normal rate and consciously or not, may pace themselves to ensure overtime. In time they may also become accustomed to the extra income thereby elevating their standard of living, however, it is unlikely that employees would require additional training in order to work or because they are working overtime.
When personal income taxes is increased, there would be a decrease in consumption of $67.
<h3>What is the MPC?</h3>
The marginal propensity to consume is the proportion of the disposable income that is spent. When personal income taxes are increased, there would be a decrease in the disposable income. The decrease in disposable income would reduce the income avalialbe for consumption.
Decrease in consumption = 2/3 x $100 = $67
To learn more about marginal propensity to consume, please check: brainly.com/question/19089833
#SPJ1