Answer: $241,600
Explanation:
As this amount is a constant amount, it is an annuity. To find out the total amount after a certain period of time, use the future value of annuity formula.
Future value of annuity = Amount * [ {( 1 + rate) ^number of periods - 1} / rate]
Number of periods = 65 - 25 = 40
Future value of annuity = 2,000 * [ {(1 + 5%)⁴⁰ - 1} / 5%]
= 241,599.54
= $241,600
Answer:
There is no change in consumers' or producers' well being
Explanation:
Currently consumers of vodka were levied tax of $2. However, government decided to provide tax relief to consumers and shift the burden on producer. There will be no change in the well being of consumers and producers.
Tax is a cost that shifts demand curve if consumers pay tax. Supply curve shifts if producers pay tax. The overall effect, however remains the same. If producers pay tax, cost per unit vodka will increase which will be reflected increased prices. Similarly, if consumers pay tax, they will demand lesser. so there is no change overall.
Answer:
B
Explanation:
Utility means useful, therefore the answer would be answer B. usefulness.
Current date in the top right-hand corner in most cases, you’ll use today’s date.On the line that says pay to the order of write the name of the person or organization you’re paying. Write the amount of your payment in the small box on the right hand side. Write out the amount using words to avoid fraud and confusion. Sign the check legibly on the line in the bottom-right corner. If you like include a note
