Answer:
The answer is $3,888.22
Explanation:
This is an annuity due because the cash flow is being done on the first day of each period.
Annuity is a fixed sum of money paid to or receceived from someone or business every year.
Future Value(FV) = $30,000
Interest rate(i or I/Y) = 10%
Number of years(N)= 6 years
Annuity (PMT) = ?
Using a Financial calculator to solve it (Texa BA II Plus )
Annuity (equal contributions) will be $3,888.22
Answer:
Total Fees = $600
Explanation:
A Mutual Fund is a type of investment that pools funds from many individual investors into a singular investment product.
The fund is managed by a Fund Manager. The Fund Manager applies charges to the fund. The charges are income to the Fund Manager.
Front-end load: This is more like a Sales charge applied on the investment amount at the point of buying into the Fund.
Back-end load: This charge is applied on the redemption amount. It is meant to discourage the investor from withdrawing early form the Fund.
Annual fees: This are yearly charge applied on the investment amount.
Calculation:
Front-end load: $0 [Because the rate is 0%]
Back-end load:[2% of 20000] 
× 20000 = $400
Annual Charge: [1% of 20000] 
× 20000 = $200
Total Fees: [$400 + $200] = $600.
Answer:
D It is D because it can help you do all these things and you may even progress from it and learn your mistakes
Low deductible plan because there will be low amount of money taken from you. I am pretty sure.
Answer:
Explanation:
According to the law of demand,a rise in price leads to a decrease in quantity demanded and a fall in price leads to an increase in quantity demanded.
1.The price of a gallon of 2% milk has risen, therefore, quantity demanded decreases.
2.The price of laser tag has fallen,therefore,quantity demanded increases.
3.The price of dressers and desks has risen,therefore,quantity demanded decreases.
4.The price of pork shoulder has fallen from $3.99 per pound to $1.99 per pound,therefore,quantity demanded increases.
5.Another MP3 album comes free,with purchase of an MP3 album .This means the supplier have effectively halved the price.therefore,quantity demanded increases.
