Answer:
E. $2,688.77
Explanation:
We need to calculate the PMT of an ordinary annuity at 6%
PV 402,000
time:
85 years - 62 years = 23 years of retirement
23 years x 12 months per year = 276 months
rate: 6% annual rate we must divide over 12 months to convert into monthly: 0.06/12 = 0.005
C $ 2,688.766
<em>She can withdraw 2,688.76 per month</em>
Answer:
C.
Explanation:
When new entrants into a competitive market have higher costs than existing firms, market price will rise.
Answer:
True
Explanation:
Product costs are the costs directly incurred from the manufacturing process. The three basic categories of product costs they are;
1) direct material
2) direct labour
3) manufacturing (factory) overhead.
Manufacturing overhead cost also include the following;
a) indirect labour: Indirect labor is the labor of those who are not directly involved in the production of the products.
b) indirect material: Indirect materials are materials that are used in the production process but that are not directly traceable to the product.
The Subdivided Lands Law requires a subdivision developer to obtain a public report from the Real Estate Commissioner before offering any lots for sale.
A Commissioner is basically a member of the Commissioner or a person to whom duties are delegated. In practice, the title of commissioner has evolved to include various senior officials, often on specific committees.
Persons with Assignments: Etc. a: Committee members. b: A representative of a government agency of a district, state, or other entity, often having both judicial and executive powers. c: Officer in charge of a department or office of public service.
If the date of this order is more than one year before he and the agent ex officio change the order. An order by an attorney to refuse to interfere shall not be considered an order prejudicial to a judge.
Learn more about Commissioner here
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Answer:So far we have learned to measure real GDP, but how do we end up with that real GDP? Of all of the different amounts of national income and price levels that might exist, how do we gravitate toward the one that gets measured each year as real GDP?
In short, it is the interaction of the buyers and producers of all output that determines both the national income (real GDP) and the price level. In other words, the intersection of aggregate demand (AD) and short-run aggregate supply (SRAS) determines the short-run equilibrium output and price level.
Once we have a short-run equilibrium output, we can then compare it to the full employment output to figure out where in the business cycle we are. If current real GDP is less than full employment output, an economy is in a recession. If current real GDP is higher than full employment output, an economy is experiencing a boom. If the current output is equal to the full employment output, then we say that the economy is in long-run equilibrium. Output isn’t too low, or too high. It’s just right.
Explanation: hope this helps
