D.) A cooperative lending institution for a particular group.
Typically, you must be a member to participate in a credit union.
Calculation of equal amount to deposit each year to get the future amount:
It is given that a manufacturer of triaxial accelerometers wants to have $2,800,000 available 10 years from now. So we can say that Future value is $2,800,000. We are also given that the deposit rate is 6% per year.
In order to find out the equal amount to deposit each year we need to calculate the annuity using the future value of annuity formula as follows;
Annuity = Future value of annuity / FV of $1 annuity
FV of $1 annuity (at 6% rate for 10 years) is 13.18079
Hence,
Annuity =2,800,000 / 13.18079 = 212,430.36
Hence , equal amount to deposit each year is $212,430.36
Answer:
A. $5.97
$6.99
$4.42
B. 17%
26%
Explanation:
A. If Economy conditions are normal
$49,000 / 8,200 shares = $5.97 each
If Economy expands
$49,000 * 117 / 100 = $57,330
$57,330 / 8,200 shares = $6.99 each
If Economy is in recession
$49,000 * 74 / 100 = $36,260
$36,260 / 8,200 = $4.42 each
B.
If Economy expands
$6.99 - $5.97 = $1.02
$1.02 / $5.97 * 100 = 17%
If Economy is in recession
$4.42 - $5.97 = -$1.55
-$1.55 / $5.97 = -26%
Answer:
$-625.4 billion
$20,494 billion
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
2531.3 - 3,156.7 = $-625.4 billion
GDP = 13,948.5 + 3,650.1 + 3,520.8 - $-625.4 = $20,494 billion
<span>The government must control the money payment.</span>