The "Invisible Hand" is a phrase that is used to describe the unsocial benefits resulting from individual's actions. It was coined by Adam Smith. It also describes the function and operation of free markets within the economy. The idea is that people, as individuals, and their own self interest, end up doing what is best for the society. They are being guided by an "invisible hand."
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Answer:
The annual payments are= $10586.40
Explanation:
Giving the following information:
By the end of this year, you would be 35 years old and you want to plan for your retirement.
You wish to retire at the age of 65 and you expect to live 20 years more.
You wish to have an annual sum of $50,000.
A conservative bond fund has been returning 7% annually.
First, we need to calculate the amount of money needed at 65 years old.
50000*20= $1,000,000
So, we know the final value= 1,000,000; n=30 and the interest rate i=0.07
We need to find the annual payments required to achieve the final value, using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
Isolating A:
A= (FV*i)/[(1+i)^n-1]
A= (1000000*0.07)/[(1.07^30)-1]
A=$10586.40
For the given question, the summation that represents the money in account is:
The principal amount if compounded annually, the formula that represents the amount to be received after n years is:
where A is the amount received after compounding, P is the principal, r is the rate of interest and t is the tenure.
<h3>Solution:</h3>
Given:
Annual interest rate(r) is 5.5%
Principal is(P) $300
Tenure is(t) 10 years
On substituting the values in the formula
The amount received after compounding at the end of 1 year will be:
Similarly, the amount to be received after 2 years will be:
The amount received after 10 years will be:
upto 10 years
Therefore the summation that represents the money in account after 10 years is:
Learn more about compound interest here:
brainly.com/question/25857212
Prime cost=direct material+direct labor
Direct material 150000
Direct labor 200000
So
Prime cost=150000+200000
Prime cost=350000
Hope it helps!
Answer:
To focus on the performance...the country does poorly.
Explanation:
Argument or Nonargument
To focus on the performance of the stock market is to zero in on an economic indicator that can do well even as the country does poorly. In 2006, for instance, the Dow Jones industrial average hit highs. According to the just released census data, however, median earnings fell one percent, and millions more Americans entered the ranks of the uninsured. Indeed, from 2000 to 2007 the S&P 500 gained more than 500 points. Meanwhile, the median household income fell by more than $900.The conclusion is....
a) According to the just released..ranks of the uninsured.
b) To focus on the performance...the country does poorly.
c) In 2006, for instance, the Dow Jones...hit highs.
d) Meanwhile...fell by more than $900
The key is to focus on the performance...the country does poorly
