Answer:
e) Nan will have more money than Neal at any age.
Explanation:
In compound interest, the interest earned in the year is added to the principal amount at the beginning of the next year. Earned interest becomes part of the principal which makes it earn interest. Adding interest to the principal to earn more interest is known as compounding.
The longer the investment period is, the more time interest will be compounded, and the more the investment will grow. Nan made her investment at age 25. By the time she retires, her investment period will be 35 years. Neil started her investment at age 30. At any given time after they are both age 30, Nan's investment will have earned compounded interest five more times than Neil. Therefore, Nan will have more money at any given time.
Hmm, i'm not super sure about this one can I go and research it?
Answer:
Option (a) and (c) are correct.
Explanation:
We know that rent control is an example of price ceiling. If the price of apartments set below the equilibrium price level then there is increase in the demand for apartments. So, the demand for apartments exceeds quantity supplied at the prevailing market price.
(a) Therefore, the quality of rental housing falls because of the lower price of the apartment. As this will become less profitable for the landlords, so they are least interested in the maintenance of the apartments.
(b) This will also lead to develop black market. The landlords are trying to fool the higher authorities and rent their apartments at a higher cost because this will be done without any type of legal documentation of the apartments or results from the manipulation of the rules.
It is approximately 95% of the money that the typical modern bank invests comes from borrowing, almost all of the people in the world has a credit card mostly people who has a higher work or people who are already rich has it because they are the people who only know how to swipe, swipe their credit card and shop all they want.
Answer:
a. $165,000
b. -$29,500
Explanation:
a. If the allocation takes place, Shirley's income will include both the interest and rent incomes as well as the capital gains:
= Interest income + Rent income + Capital gain income
= 25,000 + 100,000 + 40,000
= $165,000
b. If the allocation happens according to what Betty suggests, Shirley would receive:
= Interest income / 2 - Cost of recovery expenses - Fiduciary admin fees
= 25,000 / 2 - 35,000 - 7,000
= -$29,500
