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saul85 [17]
2 years ago
11

Beginning three months from now, you want to be able to withdraw $2,700 each quarter from your bank account to cover college exp

enses over the next four years. If the account pays .67 percent interest per quarter, how m
Business
1 answer:
Natalka [10]2 years ago
5 0

Answer:

PV= $40,835.6

Explanation:

Giving the following information:

Quarterly withdrawal (A)= $2,700

Number of periods= 4*4= 16 quarters

Interest rate= 0.67% per quarter

<u>To calculate the initial investment, we need to use the following formula:</u>

<u></u>

PV= A*{(1/i) - 1/[i*(1 + i)^n]}

PV= 2,700*{(1/0.0067) - 1 / [0.0067*(1.0067)^16]

PV= $40,835.6

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Assuming the short-run aggregate supply curve is upward-sloping, a decrease in aggregate demand (while short-run aggregate supply remains unchanged)results in a lower price level, lower output (real GDP), and higher unemployment.

<h3>What do you mean by aggregate demand?</h3>
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Mass media advertising involves heavy expenditure and thus before opting for it, the marketing communicators should weigh in or consider other marketing communication modes as well.

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A company's interest expense is $15,000. Its income before interest expense and income taxes is $86,250. Its net income is $31,9
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