Answer:
The final balance would be $24,616.34 at the end of 16 years of monthly compounded interest
Explanation:
The total compound interest would be $9,616.34 after 16 years.
This is known as network theory. This approach implies that once migration has commenced, it takes on a life of its own. Likewise, the migration pattern which ensues may be different from the original push or pull factors that produced the earlier migration.<span> </span>
Answer:
$1,666,666.67
Explanation:
This is a time value of money(TVM) question specifically, a perpetuity.
Use the formula for present value of perpetuity to solve it. It is as follows;
PV or perpetuity = Recurring cashflow / interest rate
PV = CF / r
Recurring annual cashflow ; CF = 100,000
rate; r = 6% or 0.06 as a decimal
PV = 100,000 / 0.06
PV = 1,666,666.667
Therefore, your parents will deposit $1,666,666.67 today
Answer:
C. Equilibrium Wage
Explanation:
The intersection of labor demand and supply curves forms the equilibrium wage. The term equilibrium means balanced. Firms will continue hiring more workers as long as the marginal revenue product of labor is greater than the cost of labor. In other words, a business will employ an additional worker if the benefits derived from that worker are greater than the wage paid to the worker.
If the benefits derived from hiring an extra employee match the wage rate, the organization ceases to employ. Equilibrium wage is the wage rate at which a firm stops hiring. At the equilibrium wage, the marginal revenue product of labor is equal to the wage rate. In other words, the firm will not benefits from employing an extra worker.
Because of greed and mismangement and the sitting of presidents who did not renew legistlation is why the first and second banks of the united states failed
