Answer:
it takes 15 years 10 months to reach your goal.
Explanation:
The Fixed deposits are in the form of an ordinary annuity.
The Future Value of this Ordinary Annuity must be $207,819.47 ($250,000 - $42,180.53)
Thus find number of years that the fixed deposits would amount to $207,819.47.
Using a Financial Calculator enter the following data to calculate the period, N.
PMT = $5,000
P/yr = 1
r = 12 %
FV = $207,819.47
N = ?
Thus the number of years, N it takes to to reach your goal is 15.7921 or 15 years 10 months.
Answer:
A. The statement is correct.
Explanation:
According to the law of supply, there is a positive or direct relationship between the price of wheat and the quantity of wheat supplied i.e if the price of wheat is increases then the quantity of wheat supplies is also increases and if the price of wheat decreases then the quantity of wheat supplies is also decreases that represents the direct relationship between the price and the quantity supplied
Hence, the first option is correct
Answer:
Zero balance
Explanation:
Because you finished all your money.
Answer:
The correct answer is: shifts rightward, causing the price level to rise.
Explanation:
The money supply curve portraits the money supplied in the market at a specific interest rate. The money supply is increased by the central bank by purchasing bonds or other assets -in this case, the Federal Reserve- causing the money supply curve more to the right which at the same time lowers the interest rate.
Answer:
D : All options are correct
Explanation:
- The marginal buyer is the essence of demand curve while marginal seller is essence of supply curve.
- @ Q = 500 units, Selling Price is set at SP = $35
- @ Q = 500 units, Buying Price is set at BP = $40
- Since, SP ≠ BP our equilibrium price would be $ 37.5 assuming the price elasticity of demand and supply are equal. In any case the equilibrium price would lie in between [ 35 , 40 ] such that to prevent a shortage of units in near future.
- Moreover, if the seller decides to sell at price $35 then he must sell goods greater than 500 units to reach the equilibrium profits. However, it could also lead to excess of units or surplus.
- We see that from selling the goods at SP = $35 while the buyer is willing to pay BP = $40 for 500 goods, the seller would be under-profiting and would be earning $5*500 = $2,500 less than he would at equilibrium price of $40 and selling units greater than 500. Hence, 500 goods is not an efficient quantity of goods.
