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Bad White [126]
3 years ago
6

If 30,000 after-tax dollars are invested at 7% in a single-premium tax-deffered annuity, how many after-tax dollars will be accu

mulated in 20 years
Business
1 answer:
jekas [21]3 years ago
3 0

Answer:

<h2>$72,000</h2>

Explanation:

We need to first calculate the interest on investing $30,000 after 20 years at 7% in a single-premium tax-deffered annuity using the simple interest formula.

Simple interest = Principal * Rate * Time/100

Simple interest = $30,000*7*20/100

Simple Interest = $42,000

After-tax dollars that will be accumulated in 20 years = Initial investment + Interest = $30,000+$42,000 = $72,000

<em>Hence, after-tax dollars that will be accumulated in 20 years is $72,000.</em>

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Classify the following topics as relating to microeconomics or microeconomics.
NISA [10]

Answer:

Related to Micro Economics : A, B, C, E.

Related to Macro Economics : D.

Explanation:

Micro Economics is the study of a single individual consumer, producer, industry. Eg - Price of a good

Macro Economics is the study of all consumers, producers, industries of the economy at a whole. Eg - General Price level.

Both Micro Economics and Macro Economics deal with aggregates. But:- Micro Economic aggregates have lower level of aggregation & are contextually less related to wide total, than Macro Economics.

<u>Micro Economics </u>: 'A student's decision about how to allocate his time between studying two subjects' ; 'A firm's decision on which production method to use' :- are related to single economic units.

'The effect of rent control on the housing market' ; 'The effect of externality on the quantity produced by the market' :-  are related  to only those particular industry markets & not to economy as a whole.

<u>Macro Economics </u>: 'The effect of an increase in income tax on national income' :- is an impact of country's government policy at its whole national income.

5 0
2 years ago
Stockholders' Equity of Riverwild Corporation consists of 50,000 shares of $8 par value, 5% cumulative preferred stock and 400,0
UkoKoshka [18]

Answer:

a. $20,000

b. $180,000

Explanation:

Par value per preferred share = $8

Dividend rate = 5%

Dividend per preferred share = $8 * 5% = $0.40

Number of preferred shares = 50,000

a. Total dividend amount distributed to the preferred shareholders this year = 50,000 shares * $0.40 = $20,000

b. The total dividend amount distributed to the common shareholders this year = $200,000 - $20,000 = $180,000

6 0
2 years ago
What are the two most popular ways people make networking contacts? 
rjkz [21]

Answer:

Getting a personal introduction to a strategic investor or business partner means everything to an entrepreneur. Likewise, executives depend on being able to pick up the phone to get insights into a new market or find the world's greatest marketing guy.

6 0
3 years ago
Read 2 more answers
Powerpoint slides can be quite effective and used best when they
Artyom0805 [142]
<span>The correct statement on Powerpoint slides, which is a presentation of a series of still images on a projection screen or electronic display device, is that: Powerpoint slides can be quite effective and used best when they are used properly as an enhancement to the speaker's presentation.</span>
8 0
3 years ago
If closing costs of $1,400 are associated with the refinance of reduce the monthly payment fro m $980 to $870 refinance, it woul
Anna71 [15]

Answer:

time take = 13 months

so correct option is C.)13

Explanation:

given data

closing costs = $1,400

monthly payment reduce = $980 to $870

to find out

Time to cover cost

solution

we know here monthly payments after reduction will be

monthly payments = $980 - $870

monthly payments = $110

so

time taken is = \frac{closing\ costs}{monthly\ payments}  .........1

time taken is = \frac{1400}{110}

time take is = 12.727273

time take = 13 months

so correct option is C.)13

8 0
3 years ago
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