1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shalnov [3]
2 years ago
6

Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest wil

l provide $ 9 comma 000 in the first​ year, and will grow by 7 ​% per​ year, forever. If the interest rate is 10 ​%, how much must Martin provide to fund this​ bequest?
Business
1 answer:
strojnjashka [21]2 years ago
5 0

Answer:

$300,00

Explanation:

In a situation where the interest rate is said to be 10% the amount that Martin must provide in order to fund this​ bequest will therefore be:

Bequest first year $9,000/(Interest rate 10%-

Increase of 7 ​% per​ year)

Hence:

$9,000/0.03

=$300,000

Therefore $300,00 will be provided to fund the bequest

You might be interested in
G.R. Dry Foods Distributors specializes in the wholesale distribution of dry goods, such as rice and dry beans. The firm’s manag
slamgirl [31]

Answer:

d. The price will decrease, because dry beans and rice are inferior goods.

Explanation:

the options are missing, so I looked them up:

a. The price will decrease, because dry beans and rice are normal goods.

b. The price will increase, because dry beans and rice are normal goods.

c. The price will increase, because dry beans and rice are inferior goods.

d. The price will decrease, because dry beans and rice are inferior goods.

Inferior goods are those goods whose quantity demanded decreases as consumer income increases. This happens because inferior goods have several substitute products that cost more, but as consumer income increases, consumers will tend to purchase the more expensive substitute goods instead of the cheaper inferior ones. I.e. as consumer income increases, they will seek to purchase higher quality goods, and inferior goods are generally low quality goods that are mostly purchased by people located at the lower socio-economic classes. Other examples of inferior goods are canned meat, instant noodles and cheap frozen foods.

Since the quantity demanded of inferior goods decreases as the economy improves, the demand curve shifts to the left, which will result in a lower equilibrium price.

7 0
3 years ago
A nation seeking to increase its overall productivity might be best served by investing money into which area?
Vilka [71]

<span>A nation seeking to escalate its overall productivity might be best assisted by investing money into technology. Developments and advances in technology which interprets into a more productive economic activity as creation and delivery of goods and services are improved.</span>

4 0
3 years ago
Read 2 more answers
Is Ann Wood a high-involvement manager? If so, provide evidence. If not, how well do you think she’ll perform in her new job as
Soloha48 [4]
Yes she is










Search it on google
5 0
3 years ago
Real GDP per capita: cannot grow more rapidly than real GDP. cannot decrease if Real GDP increases. necessarily grows more rapid
katrin [286]

Answer:

Real GDP per capita can increase or decrease when Real GDP increases

Explanation:

Real GDP per capita is calculated by dividing Real GDP by the number of people in a country. Therefore:

  • If population increase more quickly than the increase in real GDP, then real GDP per capita would decrease.
  • If population decreases, stays the same or increases more slowly as Real GDP increases, then real GDP per capita would increase.
4 0
2 years ago
How much profit is this monopolist earning? You may use this formula when solving the question: Profit = Total Revenue − Total C
WITCHER [35]

Answer: $320

Explanation:

The Profit as the question shows is the Total Revenue less the total cost.

Total Revenue.

This will be the amount of goods sold multiplied by the price they are sold at.

The monopolist maximises output where Marginal Revenue equals Marginal Cost which from the graph is 4 units.

The price they sell at is the intersection of this quantity with the demand curve which is at $120.

Total Revenue = Units Sold * Price

= 4 * 120

= $480

Total Cost

The total cost will be the average cost per unit multiplied by the number of units sold. The relevant average cost is the cost associated with the maximised out of 4 units which according to the graph is $40.

= Average cost * number of units

= 40 * 4

= $160

Profit = 480 - 160

= $320

4 0
3 years ago
Other questions:
  • Crowder Company acquired a tract of land containing an extractable natural resource. Coronado is required by its purchase contra
    5·1 answer
  • Wilmington, Inc. brands touch the lives of people around the world in 180 countries and territories. The P&amp;G community consi
    5·1 answer
  • Frank slips and falls on Guy's Harbor Tour Boat and is injured. Frank files a suit against Guy's for $500,000. If Frank is 20 pe
    13·1 answer
  • Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.00 each.Complete the
    9·1 answer
  • Does anyone know what this answer is?
    13·2 answers
  • Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2021 annual report as follows.
    6·1 answer
  • A company has net sales of $788,500 and cost of goods sold of $569,500. Its net income is $26,280. The company's gross margin
    10·1 answer
  • 7. "Skill is necessary to develop team spirit”. Justify your answer.​
    6·2 answers
  • Carla Vista Co. bought a machine on January 1, 2017. The machine cost $180000 and had an expected salvage value of $27000. The l
    14·1 answer
  • Among the top motivator driving corporation to engage in CSR includes all of the following reasons except
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!