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artcher [175]
3 years ago
14

Joe plans to fund his individual retirement account (IRA) with the maximum contribution of $2,500 at the end of each year for th

e next 30 years. If Joe can earn 10 percent on his contributions, how much will he have at the end of the thirtieth year?
Business
1 answer:
gayaneshka [121]3 years ago
8 0

Answer:

$411235

Explanation:

the amount he will have at the end of the thirtieth year F = P × ( (1+r)^n -1) / r

where P = $ 2500

r = 10% = 0.1

n = 30 years

F = $ 2500 ( ( 1 + 0.1) ³⁰ - 1 ) / 0.1 = $41135

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The answer is an equilibrium point. In economics, this relates to the condition of the economic forces in which supplies and demand meet meaning the demand is equal to the supplies of the certain product. It is set by increasing or decreasing the price of a good in response to the movement of the supply and demand in the market. 
8 0
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3 0
3 years ago
___ is the courts do not consider legitimate competitive behavior permissible if it results in the breaking of a contract.
grandymaker [24]

Answer:tortious interference

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3 0
3 years ago
The local baseball team owner hires you to help maximize the team's profits. You are told that costs are constant because enough
ozzi

Answer:

increase price per ticket.

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increase price per ticket in proportion to cost incurred.

set up an internal control system to ensure all revenue from ticket are well accounted for.

3 0
3 years ago
A municipal bond carries a coupon rate of 5.45% and is trading at par. What would be the equivalent taxable yield of this bond t
podryga [215]

Answer:

7.78%

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4 0
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