Answer:
$2,848.94
Explanation:
first of all, we must determine the amount of money that we need to have in our account in order to be able to withdraw $25,000 in 10 years.
You will start making your semiannual deposits today and they will end in exactly 2 years, so we need to find out the present value of the $25,000 in two years:
PV = $25,000 / (1 + 3%)¹⁶ = $15,579.17
that is now the future value of our annuity due:
FV = semiannual deposit x FV annuity due factor (3%, 5 periods)
$15,579.17 = semiannual deposit x 5.46841
semiannual deposit = $15,579.17 / 5.46841 = $2,848.94
Answer:
The total number of different ways in which the winners can be drawn is 720.
Explanation:
P (10,3) = 
= 
= 10(9)(8)
= 720
Answer:
A special agent
Explanation:
An agent is a person who acts in the name of and on behalf of another, who has been given the degree of authority to do so.
A special agent is an agent that is authorized to carry out a specifically designated instance or in a specifically designated set of transactions or function. Any act out side the specific task or function authorized by the principal is not binding on the principal.
For example the major duty of a real estate broker is to find a buyer for the principal’s property.
Hence the best answer to the question is real estate brokers act in the capacity of a Special agent
Answer:
It is money that was paid off investment.Hope it helps.
Explanation:
There are four given basic economic questions and these serve as a guide on the production of goods and services. In the given scenario above, the basic economic question that they are answering would be how to produce. The correct answer is option A. This question applies since resources are also limited. And they must make a way on how to produce enough goods and services from limited resources. Hope this helps.
