Answer:
The amount to be saved at the age of 65 is $1940755.74
Explanation:
To calculate the amount needed at 65 including inflation = 40000 * 1.0336 = 115931.13
Present Value of Growing Annuity = PMT / (r-g) [ 1 - {(1+g)/(1+r)}n ]
= 115931.13 / (0.045 - 0.03) [ 1 - (1.03/1.045)20 ]
= 7728742.2 * 0.2511089
= 1940755.74
Well they can clap,yell,and be cheerful if it was good.
<span>The
town of linsberg would be the town that has higher prices and greater
deadweight loss. This decision is plausible since Chuck is the only person in
the town who runs a craft brewery and such exclusivity would mean he can raise
higher prices since no competition is available to haggle prices in order to
get costumers. He would have the greater deadweight loss since there would be a
inefficiency in allocation resources and may cause him to monopolize the
resources and business.</span>
Christmas day was viewed differently by various country around the world. For example in the united kingdom a law often quoted regarding Christmas is holy days and fasting days acts of 1551 which stated that everyone must attend church on Christmas day without using any means of transport and therefore people would walk to church. However the law was repealed in 1969. Hence, the correct answer is Great Britain.
