Answer:
he need to invest $13,241 each year to achieve his goal
Explanation:
Target Saving Amount = Future value = F = $1,500,000
Number of years = n = 30 years
Inyterest rate = r = 8% = 0.08
Invetment to be made = P = ?
Use following formula to calculate Invetment amount
F = P x ([1 + r]^n - 1 )/r
P = F / ([1 + r]^n - 1 )/r
P = 1,500,000 / ([1 + 0.08]^30 - 1 )/0.08
P = 1,500,000 / 113.2832
P = 13241.15
Answer:
an increase in the overall price level but little or no increase in output.
Answer:
subsidies
Explanation:
Subsidies refer to financial aid for some specific purpose and to some specific category as decided by the government. As for the instance the government can provide subsidy in the form of house to poor people in the country.
Now here the rich people can afford their own houses and that they can pay the taxes as well which are attached to the the houses, which provide extra benefit to the poor, as the government can provide the subsidy then more efficiently.
The positive externalities increase the benefits for every citizen.
Answer:
Cafeteria Plan
Explanation:
The cafeteria plan is minimum benefits that the employer have to provide or personally provide to all the employees working in its organization. In some jurisdictions like USA and Europe, the employer has to provide minimum level of facilities and benefits to the employee which inculdes healthcare, pension contributions, etc.
