andrea was physically present in the united states for 150 days in 2023, 120 days in 2022, and 90 days in 2021. under the substa
1 answer:
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Answer:
Wages in US would decrease
Wages in Mexico would increase
Explanation:
The increase in the supply of labour in the US while demand remains unchanged would lead to an excess of supply over demand. This would cause equilibrium wage to fall and quantity to rise.
While in the US, the supply of labour would fall. This would increase wage.
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Answer:
The amount at the end of 30 years is $174,952.
Explanation:
In this problem we first need to determine the future value after making A = $100 investment for n = 10 years at r = 11% per year compounded monthly.
Then we need to compute the compound interest on this future value for 20 years at 11% interest compounded annually.
The future value formula is:
The amount is compounded monthly.
The rate of interest per month is:
The number of periods is: <em>n</em> = 10 × 12 = 120 months.
Determine the future value as follows:
Thus, the amount at the end of 10 years is $21700.
Now this amount is kept the account for t = 20 years and earns an interest at the rate of 11% compounded annually.
Amount at the end of 30 years =
Thus, the amount at the end of 30 years is $174,952.