Answer:
b
"Saving for a Rainy Day"
Explanation:
"saving for rainy day' is a phrase that means putting some money a side for use in times of need. The phrase encourages people to save money for emergency use. As a rule of thumb, one should have at least three times their normal income as savings.
Answer:
A. Distracting billboards
Explanation:
Billboards are huge advertisements placed on the roadsides. They promote products or brands of different companies. They also advertise events and popular venues. Billboards are for commercial use and located in urban centers.
Billboards are paid for; hence, they will be placed where there are likely to communicate to a broad audience. In rural areas, billboards are not economically viable due to the sparse distribution of people. For this reason, billboards do not pose any risks to people driving in rural areas.
Unpaved, poorly maintained roads, Poorly lit roads at night, and Wildlife or livestock crossing roads are characteristics or rural setting. Anyone driving in the upcountry is highly likely to encounter them.
Answer:
Annual deposit= $21,568.87
Explanation:
Giving the following information:
You have just turned 30 years old. Every dollar in the plan earns 9 % per year. You cannot make withdrawals until you retire on your 60th birthday.
You will need $ 98,000 per year starting at the end of the first year of retirement and ending on your one-hundredth birthday.
First, we need to calculate the total amount needed at age 60.
Final value= 30years*98,000= $2,940,000
To calculate the annual deposit we need the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (2,940,000*0.09)/[(1.09^30)-1]= $21,568.87
Answer:
1040 Z is the correct answer
Explanation:
