Solution :
Given :
James needs $ 1,000,000 after 15 years.
His IRA deposit is $ 200,000 and is earning at the rate of 8% per annum.
Maturity value of $200,000 after 15 years = 
= $ 634,434.
Balance fund needed after 15 years = 1,000,000 - 634,434
= $ 365,566
Therefore, the future value of the annuity is :
![FV=A[\frac{(1+k)^n-1}{k}]](https://tex.z-dn.net/?f=FV%3DA%5B%5Cfrac%7B%281%2Bk%29%5En-1%7D%7Bk%7D%5D)
Here, FV = future annuity value = 365,566
A = periodical investment
k = interest rate = 8%
n = period = 15 years
∴![365566 = A\frac{[(1.08)^{15}-1]}{0.08}](https://tex.z-dn.net/?f=365566%20%3D%20A%5Cfrac%7B%5B%281.08%29%5E%7B15%7D-1%5D%7D%7B0.08%7D)
A = 13,464
Thus, James needs to save $ 13,464 each year end to reach his target.
Answer: A
Explanation:
Aggregate demand can be obtained by adding consumptions, investments, Government spendings, and net exports(exports-imports).
Aggregate demand=consumptions + investment + Government spending + exports - imports
The correct answer is B. Rural areas
Explanation:
High population densities, as well as high housing prices, are mainly found in cities or nearby areas as most jobs and industries are located in these areas. This increases not only the number of people that live in these zones but also the price of housing as the prices of properties are higher due to a higher demand. This means, zones such as inner-city neighborhoods, suburbs, and similar are highly populated and the house prices are high.
On the other hand, nowadays rural areas have a small population density because most people are not interested in living in rural areas as it would take more time to get to cities where jobs and major industries are. Similarly, the housing prices are lower because the demand or number of people interested in buying properties is lower, which makes general housing prices lower.
A) Payment = Loss - Deductible
because you always need to pay your deductible so you won't get this amount of money back
That the mistake that we do in the first time because we dont know
