Answer:
Present face value (PV) =$1,000
Future face value (FV) = $2,000
Number of years (n) = 12 years
Interest rate = ?
FV = PV(1 + r)n
$2,000 = $1,000(1 + r)12
<u>$2,000</u> = (1 + r)12
$1,000
2 = (1 + r)12
12√2= 1 + r
1.0595 = 1 + r
1.0595 - 1 = r
r = 0.0595
r = 5.95% = 6%
Explanation:
In this case, we will apply the formula for future value of a lump sum, which equals present value multiplied by 1 plus interest rate raised to power number of years. The future value, present value and number of years were provided with the exception of interest rate. Thus, interest rate is made the subject of the formula.
Murphy company incurs a loss from changing a pension-related assumption this loss is reported as other<em> </em>comprehensive income.
Post-employment benefits are benefits other than pensions paid to employees upon retirement. Retirement benefits may include life and health insurance, premiums for such benefits, and deferred compensation plans. The pension amount is 50% of your income or your average income, whichever is more favorable. Currently, the minimum pension is Rs 9000 per month.
Liabilities primarily consist of provisions made by pension funds to meet future payment obligations to policyholders. Liabilities also include pension fund capital, loans received, and pension other financial obligations. Assets represent an investment of premiums paid and other liabilities.
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Answer: Representative bias
Explanation:
Representative bias occurs when two decisions are wrongly compared by a decision maker due to the fact that there's a perceived similarity between the cases.
Regarding the question, since a similar situation led to the laying off of an employee, Chelsea is already worried that she'll be laid off as well even though this may not be the case. In such cases, due to the similarity, this confuses people's thinking.
Answer:
1) Real GDP = Base year price X Current year quantity
Real GDP for 2009 using 2009 as base year = 5 X 100 + 40 X 20 = 500 + 800 = 1300
2) Real GDP for 2009 using 2010 as base year = 5.25 X 100 + 24 X 20 = 525 + 480 = 1005
3) Real GDP for 2010 using 2009 as base year = 5 X 110 + 40 X 30 = 550 + 1200 = 1750
4) Real GDP for 2010 using 2010 as base year = 5.25 X 110 + 24 X 30 = 577.5 + 720 = 1297.5
5) GDP growth rate using 2009 as base year = (Real GDP for 2010 - Real GDP for 2009)/Real GDP for 2009 X 100
= (1750 - 1300)/1300 X 100 = 450/13 = 34.61
6) GDP growth rate using 2010 as base year = (1297.5 - 1005)/1005 X 100 = 29.10
7) Arithmetic average of growth rates = (34.61 + 29.10)/2 = 63.71/2 = 31.85
The Roth IRA. The SEP IRA. Simple IRAs and Simple 401(k) Plans (k). You contribute Traditional after-tax dollars to a Roth IRA, retirement money grows tax-free, and you can generally make tax- and penalty-free withdrawals after the age of 5912.
With a Traditional IRA, you can contribute before or after taxes, your money grows tax-deferred, and withdrawals are taxed as current income once you reach the age of 5912. A Roth IRA is an Individual Retirement Account into which you make after-tax retirement. While there are no current-year tax advantages, your contributions and earnings can grow tax-free, and you can withdraw them tax- and penalty-free after age 5912 and five years.
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