This is a little hard to read but:
Youth savings - schools often sponsor it
Stock-indexed - rate rises and falls with the market
Credit Union - members own it
Online Account - minimal overhead means higher interest
If price changes by a larger percentage than quantity demanded (i.e., if demand is price inelastic), total revenue will move in the direction of the price change. ... Demand is unit price elastic, and total revenue remains unchanged. Quantity demanded falls by the same percentage by which price increases.
Guidance for implementing earned value management contract can be obtained from EARNED VALUE MANAGEMENT IMPLEMENTATION GUIDE.
Earned value management is a project management method for quantifying project performance. <span />
Answer:
$2960 yearly savings
Explanation:
From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.
EXPLANATION
- If the child is 5yr old now, in 13years time, she will be 18yr old.
- for the next 13years, it would have amount to $38350
- remember the bank will give an annual interest rate of 2%
- so for 13years, that's 26% = 0.26
- In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321
- His savings will fall between $2950 - $2960 yearly.