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Pie
4 years ago
7

A young man is the beneficiary of a huge trust fund 35 years ago. If they had set aside $25,000, how much will be in the trust n

ow if they could invest the money at 2.5% per year compounded annually?
Business
1 answer:
Pachacha [2.7K]4 years ago
6 0

Answer:

The correct answer is $59.330.13.

Explanation:

According to the scenario the given data are as follows:

Amount (p) = $25,000

Interest rate (r) = 2.5%

Time (T) = 35 years

So, we can calculate the amount they could invest by using following formula:

CI = P ( 1 + R)^t

= $25,000 ( 1 + 0.025)^35

= $25,000 ( 2.37320518607)

= $59,330.13

Hence, the amount they could invest is $59,330.13.

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National saving a. is the total income in the economy that remains after paying for consumption. b. is the total income in the e
lys-0071 [83]

Answer:

The correct answer is option b.

Explanation:

National saving is the portion of total income which is left after consumption and government spending. It is the sum of total private saving and public saving.

It is that portion of national income or GDP which is not consumed by the public and spent by the government.

It can be expressed as:

National saving = Y - C - G

7 0
3 years ago
YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in subsidized loans and another $19,000 in unsubs
Georgia [21]

Answer:

Hello your question has some missing part below is the missing part

Yashari’s monthly take-home pay is $1850. What percentage of her paycheck will go toward student loans if she chooses standard repayment? Does that payment amount seem reasonable? Why or why not?

answer :

14.43% of his paycheck

The payment amount is reasonable ( $ $32035 )

Explanation:

Subsidized loans = $7000

unsubsidized loans = $19000

Annual earnings = $27,000

Monthly pay = $1850

<u>solution </u>

If Yashari chooses the standard repayment the percentage of her paycheck that will go for repayment will be 14.43% while the interest rate will be 4.3%

Therefore the total repayment will be $32035 which is a reasonable amount

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8 0
3 years ago
Jan pay $70 each month for her auto insurance policy. This regular payment is call a
Svetach [21]
Monthly payment because she pays it every 30 days
7 0
3 years ago
The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a va
Wittaler [7]

Answer:

Answer for the question:

The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a variety of information on each county in America. In the third quarter of 2016, the QCEW reported the total taxable earnings, in millions, of all wage earners in all 3222 counties in America.

is given in the attachment.

Explanation:

7 0
3 years ago
Elaina and Allen just purchased a home using a deed of trust. Which of the following is most likely true about their home loan
kozerog [31]

Elaina and Allen just purchased a home using a deed of trust: A trustee will keep the title in its most basic form until the debt is paid off. This is further explained below.

<h3>What is a deed of trust?</h3>

Generally, From the perspective of the lender, a deed of trust offers a significant advantage over a mortgage in a number of important respects. In the event that the borrower fails to make their required payments on the loan, the trustee has the authority to use their right to foreclose on the property on behalf of the beneficiary.

In conclusion, A deed of trust was used in the recent purchase of a property by Elaina and Allen. Until the mortgage debt is completely paid off, a trustee will retain the title in its simplest form.

Read more about the deed of trust

brainly.com/question/8920219

#SPJ1

3 0
2 years ago
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