Answer:
Annual deposit= $26,344.36
Explanation:
Giving the following information:
The interest rate is 7 percent per year.
He wants to have enough money to provide him with $3,000 of monthly income for 30 years. To date, he has saved nothing, but he still has 20 years until he retires.
First, we need to calculate the total amount of money required:
Final value= 3,000* (30*12)= $1,080,000
Now, we can calculate the annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
FV= 1,080,000
i= 0.07
n= 20
A= (1,080,000*0.07) / [(1.07^20) - 1]= $26,344.36
Answer: Total Revenue is $100 and the price elasticity is 0.4
Explanation: total revenue is computed as Price * Quantity
$0.5 * 200= $100
Elasticity is the degree of responsiveness of quantity demanded to a change in price.
Old price $1
New price $0.5
Old quantity 75
New quantity 200
Formula- % change in quantity demanded / % change in pride
NB change is (old-new)
Change in Qd= (75-200) / 75 =-1.67
Change in price=(1-0.5)/1=0.5
-1.67/0.5= -3.34
The negative is ignored in price elasticity and the answer is 3.34 which means the product is Elastic
The answer to this question is by clicking and draging in the white space to the left of the lines. In word processing, copying and selecting multiple lines is a technique that can help you work on your document faster. Also in word processing, the user can create, edits, and save the document.
Answer:a store buys a shipment of computers can’t afford to buy any new phones
Explanation:
apex
