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Margaret [11]
2 years ago
8

3. Hari Seldon is planning for his retirement 6 years from now. He plans to deposit $30000 each year for 6 six years (i.e., 6 de

posits in years 1–6) in a bank that offers a savings rate of 10% per year. Hari Seldon is also aware that inflation will be present during these 6 years and predicts the inflation rate to be 4% per year (during all 6 years). Answer the following questions.
(a) What is his expected bank balance 6 years from now?
(b) What is the purchasing power of his bank balance 6 years from now in current value of a dollar?
(c) What is the rate at which his purchasing power is growing with this investment?
Business
1 answer:
erik [133]2 years ago
5 0

Answer:

a) $231,468.30

b) $209,259.56

c) 9.59%

Explanation:

a) to calculate FV, n=6,I=10, pv=0 and pmt=30000

b) to calculate effect of inflation On FV

N=6, I =6 (nominal interest less inflation), pv=0 and pmt=30000

c) [(231468.30-209259.56)/231468.30]x100

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Answer:

The correct answer would be option B, GreyHound Bus System.

Explanation:

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When the demand curve shifts to the left and all else is held constant, the equilibrium price ________ and the equilibrium quant
rewona [7]

When the demand curve shifts to the left and all else is held constant, the equilibrium price <u>falls</u> and the equilibrium quantity <u>falls</u>.

<h3>The types of chart.</h3>

In Economics, there are two main types of chart that can be used to illustrate the relationship between the total quantity of goods or services that are demanded by consumers and the total quantity of goods or services that were supplied by a manufacturer (producer) at a particular price and these include the following:

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<h3>What is an equilibrium?</h3>

An equilibrium can be defined as the point on a supply and demand chart where the demand curve and the supply curve intersect.

In conclusion, the equilibrium price and the equilibrium quantity would <u>fall</u> when the demand curve shifts to the left and all else is held constant.

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Increased flexibility in scheduling has become an important benefit for employers to offer because of: multiple select question.
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The Increased flexibility in scheduling has become an important benefit for employers to offer because of increase in single parent homes and the increase in two-income families.

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In a production process or manufacturing process, scheduling is the process of organizing, managing, and optimizing work and workloads.

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7 0
1 year ago
The delegates to the Constitutional Convention were among the most educated, powerful, and wealthy citizens of the new country.
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Large states felt that they should have more representation in Congress, while small states wanted equal representation with larger ones. ... Each state would be equally represented in the Senate, with two delegates, while representation in the House of Representatives would be based upon population.
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3 years ago
Hughes Corporation is considering replacing a machine used in the manufacturing process with a new, more efficient model. The pu
pogonyaev

Answer:

50,000

Explanation:

Hughes Corporation can calculate the incremental cash outflow required to acquire the new machine by just deducting the sales proceeds from the cost of the new machine.

DATA

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Old machine = 100,000

Cash outflow per year (18,000 - 10,000) = 8,000

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Annuity factor = 8%

Solution

Incremental Cash outflow = Cost of new machine - Sales proceeds from old machine

Incrementa Cash outflow =  150,000 - 100,000

Incremental Cash outflow = $50,000

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3 years ago
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