Answer:
You need to save $4,012.45 each year
Explanation:
Pertiuty in 20 years is $50,000.
So the amount must be in account after 30 years saving to enough for above pertiuty is calculated as below:
= $50000/(1+8%)+ $50000/(1+8%)^2+......+$50000/(1+8%)^20
= $50,000 * Annuity Factor ( 1-20 years) of 8%
=$50000*9.818
= $490,907
To have $490,907 (FV) in account after 30 years (tenor), now you have save an amount each year (PMT) calculated as below:
$490,907 = PMT*(1+8%)^30+....PMT*(1+8%)^2 + PMT*(1+8%)
= PMT * Discount Factor ( 1-30 years) of 8%
$490,907 = PMT * 122.346
-> PMT = $490,907/ 122.346
= $4,012.45
The selling price of the car purchased by Evita is $19,000.00 with 25.36% interest per year for 5 years.
please mark me brilliance
If an economic crisis caused the collapse of the automobile industry, then "AS shifts left and the output would increase".
<u>Answer:</u> Option E
<u>Explanation:</u>
The aggregate demand / aggregate supply model is a system that indicates what establishes the economy's total supply or total demand, as well as how the macroeconomic level interacts with total demand and supply.
In time, the vertical line portraying potential GDP or the "full employment scale of GDP" will also progressively shift to the right. As the cost of key inputs increases, the aggregate supply curve shifts to the left, allowing for a mixture of lower output, higher unemployment, and increased inflation.
