Answer:
Annual deposit= $8,896.79
Explanation:
Giving the following information:
You believe you will spend $47,000 a year for 13 years once you retire in 26 years.
The interest rate is 7% per year.
<u>First, we need to calculate the total amount required:</u>
FV= 47,000*13= $611,000
<u>Now, using the following formula, we can determine the annual deposit:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (611,000*0.07) / [(1.07^26) - 1]
A= $8,896.79
Answer:
William would win the court ruling becuase Gertie saw the truck and knew it was going to hit william
Explanation:
Money is functioning as a medium of exchange. Money makes transactions easier, instead of having to barter for items, you can complete transactions through the usage of money.
Money serves three primary functions unit of account, store of value and most important medium of exchange.
To know if it is better to rent a car or buy it according to a person's income, it is necessary to evaluate different factors.
The first factor that a person must take into account to compare whether it is better to buy a car or rent it is the income that he receives each month. For example:
- If a person receives $ 800 a month, his income is low, making it impossible for him to buy or rent a car for a long time.
- On the other hand, if a person receives $ 4,000 a month, he has the facility to buy or rent a car according to her/his preference. Some people prefer to rent a car because they do not have to spend money on repairs and other expenses, while other people prefer to buy it to have it for a long time and have it available all the time.
This situation varies according to other factors such as the purchase value of the car, the monthly rental value, the value of the repairs, the value of the fuel, among others.
Note: This question is incomplete because it does not have the complete information.
Learn more in: brainly.com/question/25442731
The answer is a hope this help u
