To know how much you'll have by the end of the 15th year, you need to calculate <span>the future value of an annuity as follows:
</span><span>the future value of an annuity = investment [( 1 + interest)^number of years -1)] / interest
</span>
Substituting with the givens, you can get the future value annuity as follows:
<span>the future value of an annuity = 3500 [(1+0.05)^15 -1)]/0.05
</span> = 75524.97 $
The correct choice is (b)
Answer:
We to invest <em> $ 17,213 per year to buy the car in seven years from now</em>
Explanation:
<u><em>First, we solve for the future value of the car:</em></u>
Principal 83,800.00
time 7.00
rate 0.10000
Amount 163,302.49
<u><em>Then, for the PTM to achieve tham amount in 7 years:</em></u>
FV 163,302
time 7
rate 0.1
<em>C $ 17,212.981 </em>
Answer:
A) less of a public good than would be efficient.
Explanation:
The main characteristic of free markets is that the private participants (suppliers and consumers) decide how to allocate resources. They allocate resources in a way that their utility is maximized: suppliers maximize their profit while consumers maximize satisfaction. The problem with private goods is that they do not maximize profits for the suppliers, therefore, very few or no suppliers are willing to supply them resulting in a shortage.
A exotic dancer on the pole
Answer:
The board of directors because the board of directors are ahead of the chief executive, but below the CEO. But have power to control who their CEO is.
