Answer:
FV= $61,493.24
Explanation:
Giving the following information:
Annual deposit= $1,500
Number of periods= 65 - 45= 20 years
Annual interest rate= 7%
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,500*[(1.07^20) - 1]} / 0.07
FV= $61,493.24
Answer:
<em>An inferior good</em>
<em></em>
Explanation:
<em>An inferior good is a good whose demand decreases with consumer's increase in income</em>. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.
Answer:
Structured.
Explanation:
When conducting a research study attempting to measure what features were most important to automobile consumers, Gary's Research Company used a questionnaire containing structured questions, with a predetermined set of response options. Structured questionnaire is the type of questionnaire where closed ended questions are used to get the insights about the target audience. Audience is presented with some options and alternatives from where they have to choose a suitable option and answer. Following are the examples of structured questions:
* How many times do you drink Pepsi brands in a day?
1 time
2 times
3 times
4 times
*What rating will you give to Pepsi brands against other competitor’s beverage company brands?
(1) Average
(2) Good
(3) Very Good
(4) Excellent
*Thinking about Pepsi brands, what is the first thing that comes in your mind?
Its Logo
Its Slogan
Its Ad
Its Service
Answer:
B. 500
Explanation:
Portfolio return = Weighted average return
Let the amount invested in portfolio is x and amount invested in risk free = 1000 - x
27.5% = 20%*x + 5%*(1000-x)
27.5% * 1,000 = 20%x + 50 – 5%x
0.275 * 1,000 = 15%x + 50
275 - 50 = 15%x
225 = 15%x
x = 225 / 0.15
x = $1,500
Hence, the amount of money borrowed = $1,500 - $1000
= $500