Answer:
The correct answer is D: $10,329
Explanation:
Giving the following information:
You want to have the equivalent of $700,000 (in terms of today's spending power) when you retire in 30 years. Assume a 3% rate of annual inflation. The interest rate is 10% annual.
First, we need to determine how much is $700,000 in 30 years.
FV= PV*(1+i)^n
FV= 700000*(1.03^30)= $1,699,083.73
Now, we can calculate the annual payment required using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,699,083.73* 0.10)/[(1.10^30)-1]= $10329
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hope this helps
Answer:
The question is incomplete because it didn't tell us what action to carry out. However, kindly find the complete question below:
Question:
Using the information from the narrative, create the appropriate MLA citation as if it were going on a Works Cited page.
Answer / Explanation:
First we need to understand what MLA means: This is simply the abbreviation for modern language association. It refers to a unique style of writing recommended by Modern Language Association (MLA) for preparing research, project paper and manuscripts. This method of writing details issues like quotations, punctuation's especially the documentation of references.
Now referring back to the question asked, the answer goes thus:
Godman, Henry, and Elizabeth Howard. Ancient Civilizations. Philadelphia: Gold.
House, 1989. Print.
Answer:
did not rely on foreign oil
Explanation:
An electric car is considered as the latest advancement in the field of the automobile industry. The main focus behind introducing the electric car is pollution and dependency on foreign oil.
Both the above factors are important for any developing country. The pollution is main cause of polluting the environment globally hence it is a vital need to introduce something that produce less pollution. As we know when the oil burns it releases the carbon monoxide in the atmosphere which is the main cause behind raising the average temperature of earth atmosphere
On the other side, we have a dependency on foreign oil. We know that the government pays a huge amount of money in purchasing oil from foreign land thus by introducing an electric car we can save this amount of money and can be used for a different purpose
