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Mama L [17]
3 years ago
9

You are scheduled to receive $34,000 in two years. When you receive it, you will invest it for 7 more years at 7.5 percent per y

ear. How much will you have in 9 years
Business
1 answer:
hoa [83]3 years ago
3 0

Answer: $65186.16

Explanation:

Since the individual is scheduled to receive $34,000 in two years and will then invest it for 7 more years at 7.5 percent per year. The amount that the person will have in 9 years will be:

FV = PV(1 + rate)^n

where,

PV = present value = $34000

Rate = 7.5% = 0.075

n = number of years = 7

FV = 34000 × (1 + 7.5%)^9

FV = 34000 × (1 + 0.075)^9

FV = 34000 × 1.075^9

FV = 34000 × 1.91724

FV = $65186.16

The amount in 9 years will be $65186.16

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Which of the following types of funding for college requires repayment?
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Answer: Loan

Explanation:

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3 years ago
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Suppose that during the Great Depression long-run aggregate supply shifted left. To be consistent with what happened to the pric
slavikrds [6]

Answer:

The aggregate demand will fall

Explanation:

The aggregate supply measures the quantity of real GDP that can be supplied by in the economy at different price levels. it measures planned output if both prices and average wage rates can change, the Long run aggregate supply curve is assumed to be vertical (this means it remains constant when the general price level changes).

The leftward shift in aggregate supply means that at the same price levels the quantity supplied of real GDP has decreased. This is mostly due to natural disasters or other supply shocks like economic depression, when there is leftward shift in aggregate there would be fewer workers available to produce goods at any given price.

4 0
3 years ago
Sarah is using the needs approach to determine how much life insurance to buy. Her cash needs are $30,000; her income needs are
levacccp [35]

Answer:

$130,000

Explanation:

Sarah is making use of the needs approach to determine how much life insurance to buy

The first step is to calculate the total amount of life insurance

Total amount of life insurance = Total needs - total assets

Total need = income needs + cash needs + special needs

= $140,000 + $30,000 + $100,000

= $270,000

Total assets= retirement plan + bank account + investment account

= $30,000 + $20,000 + $40,000

= $90,000

Total amount of life insurance = $270,000-$90,000

= $180,000

Since Sarah is covered by $50,000 group insurance by her employer then the additional life insurance that should be purchased can be calculated as follows

= $180,000 - $50,000

= $130,000

3 0
3 years ago
.In 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value
cricket20 [7]

Answer:

The question is not complete,find below complete questions:

If you purchased a $50 face value bond in early 2017 at the then current interest rate of .10 percent per year, how much would the bond be worth in 2027? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. In 2027, instead of cashing the bond in for its then current value, you decide to hold the bond until it doubles in face value in 2037. What annual rate of return will you earn over the last 10 years?

The bond is worth $50.50 in the year 2027

The annual rate of return is 7.07%

Explanation:

The future value of the bond is given by the below formula:

FV=PV*(1+r)^N

where PV  is the present of the bond of $50

r is the rate of return of 0.10 percent=0.001

N is the duration of the bond investment of 10 years

FV=50*(1+0.001 )^10

FV=$50.50

However for the face of the bond to double i.e to $100, the rate of return can be computed thus:

r=(FV/PV)^(1/N)-1

where FV=$100 (double of $50)

FV=$50.50(current value in 2027)

N=10

r=($100/$50.50)^(1/10)-1

r=0.070707543

r=7.07%

5 0
3 years ago
Worker productivity is one of the most important factors that help determine the performance of an economy. Which definition bes
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Productivity of a worker is measured by how much is produced at a given time.

<h3>What is worker productivity?</h3>

It measures the amount of output produced at a given work interval.

The quantity of goods and services produced per a given time measures a worker productivity.

Therefore, productivity of a worker is measured by how much is produced at a given time.

Learn more on productivity here,

brainly.com/question/1151291

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2 years ago
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