Answer:
The amount that Mike withdraws from his account is $37678.11265
Explanation:
This question requires to calculate the future value of the amount invested at a rate of 5.25% for 18 years. We will simply use the formula for future value.
The formula for future value is,
FV = Present Value * (1+r)^t
Where,
- r is the interest rate
- t is the time period
- Here the time period is in years and is 18 years or t = 18
FV = 15000 * (1+0.0525)^18
FV = $37678.11265
Debit cards have replaced check writing in many ways. This is because debit cards, like checks, will take the money directly from your bank account. Unlike credit cards, you must have the money in your account for you to use your debit card. Credit cards allow you to "borrow" money and pay it back later.
Answer:
true
Explanation:
Finance people place greater weight on cash flows that net income.
Net income = total revenue - total cost
Cash flow is the movement of cash and cash equivalents in and out of an organisation.
Even though a company may be generating a positive net income, the positive net income may not be from sustainable sources, so it is for this reason that cash flows are examined.
also, cash flows are less subject to manipulation when compared with net income.
It is for these reasons that finance people place more importance on cash flows
Answer: The answer is B Aggregate Demand
Explanation:
The theory of multiplier states that an increase in consumer or business investment spending in a country would produce a multiplier effect by raising the level of national income.The multiplier gives us the exact amount an increase in spending will raise the level of the national income. The multiplier is a mechanism of applying all forms of spending in a country by the government, business, firms, consumption expenditure by individuals, these spending will inject more money into the circular flow of income leading to the employment of more factor services, increasing households consumption expenditure, thereby raising the total national income.
The Aggregate demand is the total value of all planned expenditure of all buyers in the economy it is the sum buyers plan to spend on output, the Aggregate demand is made of consumption and investment spending in an economy in which all income from production is paid to the household sector. The household aggregate consumption is related to their money income. The changes in investment demand or consumption demand change the equilibrium level of income, Although either the consumption function or the investment function schedule can shift it is assumed that the autonomous change in aggregate demand starts with investment. The multiplied effect of a change in autonomous spending occurs because consumption is dependent on the level of income