Turn the decimal in to a fraction then ding the common denominator and add don't forget to simplify
Answer:
Amount invested today when first withdrawal end year $201302
Amount invested today when first withdrawal immediately $217407
Explanation:
given data
Annuity = $30,000
Rate r = 8% = 0.08
time Period NPER = 10 years
solution
we get here first present value of ordinary annuity that is
Annuity(PV, NPER, r)
= $30,000
(PV,10,8%)
= 6.71008
Present value = $30,000 × 6.71008
Present value = $201302.44
and
when he invest today if the first withdrawal takes place immediately is
Present value = $30,000 × 6.71008 × 1.08
Present value = $217406.64
Answer:
E. The Small business Administration
Explanation:
The small business administration is an agency that supports small business and entrepreneurs with setting up of their business. The small business administration helps with the provision of counseling to aid individuals trying to start and grow businesses.
Therefore Angela should meet the Small business Administration for financial and managerial assistance.
Answer:
If decrease in demand for loanable funds was less than decrease in supply then interest rate will increase.
Explanation:
In the case when there is an increase in the uncertainity so the impact should be that it reduced the demand for the loanable fund and that should be less than the reduction in the supply due to this there should be the rise in the rate of the interest. Also we cant estimated the rate of interest whether it is increased or not but as per the theory of supply and demand if supply decreased more than the demand so the rate of interest should increased