Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The correct answer is (C)
Explanation:
Economics is all about allocating limited resources to attain maximum utility. In that regard, efficiency can be achieved by giving contracts to companies with higher productivity. These companies are all about attaining maximum productivity by investing limited resource. More productivity will increase the utility, and that will improve economic efficiency. So it is critical to give projects and contracts to certain companies which can increase the overall productivity.
Answer:
Jake Werkheiser will have $170,322.48 at the end of 12 years.
Explanation:
We use the following formula to find the future value,
](https://tex.z-dn.net/?f=S%3DR%5B%5Cfrac%7B%281%2Bi%29%5En-1%7D%7Bi%7D%5D%281%2Bi%29)
S= future value
R= yearly payment =$5000
i= rate of interest = 9%=0.09
n =time =12 years.
Now putting the value of i, n, R
](https://tex.z-dn.net/?f=S%3D5000%5B%5Cfrac%7B%281%2B0.09%29%5E%7B12%7D-1%7D%7B0.09%7D%5D%281%2B0.09%29)
=$170,322.48
Jake Werkheiser will have $170,322.48 at the end of 12 years.
This is a positive statement