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max2010maxim [7]
1 year ago
15

People in favor of leaving health care to the private sector have suggested that those with preexisting conditions get loans to

cover their costs, instead of insurance. But this is ridiculous! Are you telling me that we're going to take a young man, suffering from chronic diabetes or muscular dystrophy, struggling every day with his disease, and make him spend his life as in indentured servant to a bank?
Business
1 answer:
timama [110]1 year ago
3 0

Answer:

Explanation:

i agree

You might be interested in
Your older brother turned 35 today, and he is planning to save $7,000 per year for retirement, with the first deposit to be made
erik [133]

Answer:

Elder Brother will be able to annual spend $64,932.21 each year for 25 years after retirement.

Explanation:

The question is to find the Future Value of saving $7,000 per year for retirement.

First step is to know the formula for the Future of Annuity in order to compute the future value of his yearly deposits.

<h2>Future Value (FV) = P * (1+r)^{n}- 1/r]</h2>

FV= Future value of the annuity

P= The annual payments/savings

r = rate for each period

n= number of years he is to save

FV = $7,000 * (1+0.075)^{30}- 1/0.075]

= $7,000 x (8.754955-1/0.075

=$7,000 x (7.754955/0.075)

= $723,795.82

The answer above shows the amount of cash flow, his current yearly savings will make available for him at the age of 65 and to be spent for the 25 years he expects to live after retirement.

Using the amount therefore, we can determine the amount he is able to spend each year as follows

PV (at the time of his retirement)= P x [1-(1+r)^{-n}/r]

Where PV= $723,795.82

P= Expected periodic spending per year after retirement

R = Rate for each period = 7.5%

n= number of years expected after retirement= 25 years

$723,795.82= P x [1-(1+0.075)^{-25}/0.075]

$723,795.82= P [(1-0.163979)/0.075]

$723,795.82= P x (0,836021 /0.075)

$723,795.82= P x 11.14695

P= $723,795.82=/11.14695

P= $64,931.21

This means Elder Brother will be able to annual spend $64,932.21 each year for 25 years after retirement.

6 0
3 years ago
why might an individual pursue a career in education and training career cluster pursue a career helpppppp
slava [35]

Answer:

There are different kind of careers that one can pursue in life; in order to choose a particular career, one has to consider some important factors.

The most important factor to consider in this case is your interest and passion. What are your interests? Which type of work can you do continuously every day and you will not be bored? That is the first thing you must figure out.

So, for an individual to consider pursuing a career in the education and training cluster, that person must have passion for imparting knowledge, he must be someone, who derive joy from teaching people and making them better than he met them.

Other important factors that must be considered include the following:

Suitable skills: you must have inborn talents that can be used in training people. Talents such as ability to express yourself clearly will help you in the education sector.  

Academic qualifications: depending on the specific level of education, where you want to get involved, you must be prepared to get the required qualifications. For instance, to teach at a University level, you must have a doctorate degree in your field.

Job availability: another factor that you must consider is availability of jobs in your area of interest. Is teaching job easily available in your environment?

Income: The amount of money you can possibly earn as a teacher is also very important. You need to investigate how much you can earn as a teacher and decide if you are comfortable with the amount or not before you go ahead.

6 0
3 years ago
IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,0
Viktor [21]

Answer: $7,000

Explanation:

From the question, we are informed that IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,000 and that IP Company has a beginning loan balance of $12,000.

The ending loan balance will be:

= $20,000 + $12,000 - $25,000

= $32,000 - $25,000

= $7,000

3 0
3 years ago
In order for your savings and investments to truly increase in value, what must they do?​ select all that apply
Pie

Answer:

1,3,4

Explanation: Those are the one I would choose.

3 0
2 years ago
On January 15, 2020, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2024, at an
Andreyy89

Answer:

Annual deposit (PMT) = $1,567,060.39

Explanation:

Given:

Future value of annuity due = $8,000,000

Rate of interest(r) = 10% = 0.1

Number of year (n) = 4 year

Annual deposit (PMT) = ?

Computation of annual deposit :

Future\ value\ of\ annuity\ due = PMT [\frac{(1+r)^n-1}{r} ](1+r)\\\\8,000,000 = PMT [\frac{(1+0.1)^4-1}{0.1} ](1+0.1)\\\\8,000,000 = PMT [\frac{(1.1)^4-1}{0.1} ](1.1)\\\\8,000,000 = PMT [\frac{(0.4641}{0.1} ](1.1)\\\\8,000,000 = PMT [5.1051]\\PMT = 1,567,060.39

Annual deposit (PMT) = $1,567,060.39

6 0
3 years ago
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