Answer:
$64,932
Explanation:
Calculate the accumulated sum after 30 years by using below formula:
S = R[(1+i)^n - 1]/i
Where
S = the accumulated sum
R = the yearly deposit
i = the decimal interest rate per year
n = the total count of deposits
This results in a sum accumulation of $723,796.
Now calculate annual payout for a 25-year old annuity by using below formula:
R = Pi/[1 - (1+i)^(-n)]
This gives the PMT of $64,932.
Answer:
A commune.
Explanation:
A commune can be understood as a group of people who live together in the same environment and share their duties and responsibilities with one another. They are considered as sharing some mutual interest that helps in the survival of each member of that particular surrounding or environment. Similarly, in China during the 1950s, a group of collective farms, each of which contained more than 30000 people who lived and worked together was regarded as a commune.
Answer:
Management by exception
Explanation:
This is a practice of examining the financial as well as operational results of a business and bringing to management only those differences that show a significant difference between the budgeted and actual amounts. This allows managers to focus on the highly important variances that can affect the growth and profitability of a company significantly. This concept, can however be fine-tuned where small variances are shown but to low-level managers whilst the senior managers will look at the large variances.
Answer:
It would be positive but might be either decreasing or increasing
Explanation:
Total utility (TU) is the utility which is defined as the aggregate satisfaction received or gained through consuming the given aggregate quantity of the good and service.
Marginal utility (MU), is the one which is defined as the satisfaction received from consuming an extra or additional unit or quantity of the specific good or service.
So, when the aggregate utility is increasing, then the marginal utility would be positive but might be either decreasing or increasing.
