Answer:
Married filing jointly
Explanation:
Since Sophia is a widow and did not remarry during 2020, she can still file as married filing jointly. She can do that for up to two years after her spouse (Aiden) died, as long as she doesn't remarry.
The standard deduction for married filing jointly is $24,800 for 2020, which is much higher than single filers or heads of household.
Answer:
What are you looking for exactly?
Explanation:
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment= $5,000
i= 10.65%
To determine future value, we need to use the following formula:
FV= PV(1+i)^n
<u>For 42 years:</u>
FV= 5,000*(1.1065^42)
FV= $350,695
<u>Now, for 32 years:</u>
FV= 5,000*(1.1065^32)
FV= $127,472.17
Answer: threat of new entrants will prevent the prices from rising above the competitive level.
Explanation:
A contestable market has competition such that sellers cannot unilaterally decide to sell at a certain price. They have to sell at a competitive price that is set by the market to ensure that goods are allocated efficiently.
If the prices attempt to rise above this competitive level, new sellers will enter the market so as to make a profit which would have the effect of driving the price back down to where it was and even lower if even more sellers come in. The price is therefore maintained to ensure that this does not happen.