Answer:
The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price. As long as nothing else changes, people will buy less of something when its price rises. They'll buy more when its price falls.
Explanation:
A debit card is like cash, because you withdraw from your bank account money that you've already saved in it, so it's not B. or C.
D. is obviously true, so it isn't that either.
So by process of elimination, I'm pretty sure the correct answer is A.
Answer:
FV= $137,440.62
Explanation:
Giving the following information:
Bob makes his first $ 800 deposit into an IRA earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposit on his 39th birthday (16 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.4 % interest compounded annually until Iob retirees on his 65th birthday.
First, 16 years:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {800*[(1.074^16)-1]}/0,074= $23,067.90
Next 25 years.
FV= PV*(1+i)^n
FV= 23,067.90*(1.074)^25= $137,440.62
Answer:
Loss of $397,100
Explanation:
The price in future contract is $99.91 per barrel, and actual price is $60.20
The loss per barrel = $99.91 - $60.20 = $39.71
Total loss = 10 contracts * 1000 barrels * loss of $39.71 per barrels =
= 10*1000*$39.71 = $397,100
Answer:
75,000
Explanation:
300,000-50,000 = 250000*6%*5
