Answer:
lump sum= 19,925
Explanation:
Giving the following information:
To join an upscale country club, an individual must first purchase a membership bond for $30,000. In addition, monthly membership dues are $250. Suppose an individual wants to put aside a lump sum of money now to pay for her basic country club membership expenses (including the $30,000 bond) over the next 30 years. She can earn an APR of 6%, compounded monthly, on her investments.
First, we need to calculate the total amount of money needed:
Final value= 30,000 + 250*12*30= 120,000
Now, we need to use the following formula:
PV= FV/(1+i)^n= 120,000/1.005^360= 19,925
Answer:
$136348.618
Explanation:
Given:
Present value (PV) =$1,600,000
Number of year(n) = 20
Rate(r) = 6.5% = 6.5 / 100 = 0.065
Payment monthly (PMT) = ?
Calculation:
![PMT = PV[\frac{r}{1-(1+r)^{-n}} ][\frac{1}{1+r} ]\\=1,600,000[\frac{0.065}{1-(1+0.065)^{-20}} ][\frac{1}{1+0.065} ]\\=1,600,000[\frac{0.065}{1-0.283797} ][0.93897 ]\\=1,600,000[\frac{0.065}{0.71620} ][0.93897 ]\\=1,600,000[0.0907567719 ][0.93897 ]\\=1,600,000[0.0852178861]\\=136,348.618](https://tex.z-dn.net/?f=PMT%20%3D%20PV%5B%5Cfrac%7Br%7D%7B1-%281%2Br%29%5E%7B-n%7D%7D%20%5D%5B%5Cfrac%7B1%7D%7B1%2Br%7D%20%5D%5C%5C%3D1%2C600%2C000%5B%5Cfrac%7B0.065%7D%7B1-%281%2B0.065%29%5E%7B-20%7D%7D%20%5D%5B%5Cfrac%7B1%7D%7B1%2B0.065%7D%20%5D%5C%5C%3D1%2C600%2C000%5B%5Cfrac%7B0.065%7D%7B1-0.283797%7D%20%5D%5B0.93897%20%5D%5C%5C%3D1%2C600%2C000%5B%5Cfrac%7B0.065%7D%7B0.71620%7D%20%5D%5B0.93897%20%5D%5C%5C%3D1%2C600%2C000%5B0.0907567719%20%5D%5B0.93897%20%5D%5C%5C%3D1%2C600%2C000%5B0.0852178861%5D%5C%5C%3D136%2C348.618)
So, Payment per month = $136348.618
Answer:
Multiplier effect
Explanation:
Multiplier effect refers to the increases in the final income as a result of new injections in spending. It indicates changes in spending that causes changes in real gross domestic product more than the initial change in spending. The scenario presented in the question illustrates multiplier effect. It involves increase in the level of demand in the circular flow of income that stimulates buying and selling.
Answer:
1 cunsumption 2v wealth 3 asset 4 gross income
Explanation:
Answer:
please mark as brainliest
Explanation:
ans: Inertia
Inertia is the tendency of a body in motion to remain in motion through the air.
