Answer:
Instructions are below.
Explanation:
Giving the following information:
Jill:
Weekly deposit= $96.15
The number of weeks= 30*52= 1,560
Interest rate= 0.098/52= 0.00189
Joe:
Annual deposit= $5,000
Number of years= 30 years
Interest rate= 9.8%
To calculate the final value of Jill and Joe, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= weekly/annual deposit
<u>Jill:</u>
FV= {96.15* [(1.00189^1,560)-1]} / 0.00189
FV= $916,853.88
<u>Joe:</u>
FV= {5,000*[(1.098^30)-1]} / 0.098
FV= $791,953.50
You have the option of two equally risk annuity, each paying $5,000 per year for 8 years. The is an annuity due and the other is an ordinary annuity. If you are going to be receiving the annuity payments, the annuity due would you choose to maximize your wealth.
What is an Ordinary Annuity?
An ordinary annuity is a series of equal payment made at the end of consecutive periods over a fixed length of time. An standard annuity's payments can be paid as frequently as weekly, although in reality they are typically made monthly, quarterly, mid-annually, or yearly. An annuity due is the reverse of a Ordinary annuity in that payment are issued at the start of each period. Although they are connected, these two payments schedules differ from the financial instrument known as an annuity.
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Answer:
Gephyrophobia
Explanation:
Nancy may suffer from gephyrophobia because she has a fear of bridges. This phobia is the anxiety disorder or specific phobia characterized by the fear of bridges. Thus, the patient of gephyrophobia may avoid routes that will take them over bridges.
Answer:
True
Explanation:
The correct answer is - True
Reason -
Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.
The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.
Here's a program called MoveEstimator that prompts the user to accept an estimate of the number of hours of work and miles the move will take and displays the total cost of the move:
- <u>x = int(input("number of hours for the job "))</u>
- y = int(input("number of miles involved "))
- def MoveEstimator(x, y):
- return 200 + 150*x + 2*y
- print(MoveEstimator(x, y))
Computer programs are written by programmers. Writing the 1s and 0s in machine-readable machine language is very difficult, so computer programmers write them in programming languages. The format of the program determines the structure of the course. At AIR, the program format is specific to an academic component with some kind of program of study.
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