Select all that apply.

g Robert Hitchcock is 40 years old today and he wishes to accumulate $500,000 by his 65th birthday so he can retire to his summe

Mariana [72]

Answer:

The correct answer is $6934.48.

Explanation:

According to the scenario, the given data are as follows:

Time period ( 41 - 64 years) (n)= 24 years

Rate of interest (r) = 8%

Future value (FV) = $500,000

Annual deposit amount = P

So, we can calculate the annual deposit amount by using following formula:

FV = P × (1+r) × [{ (1+r)^n - 1} ÷ r]

By putting the value, we get

$500,000 = P × ( 1 + 0.08) [{ (1+0.08)^24 - 1} ÷ 0.08]

$500,000 = P × ( 1.08) [{ (1.08)^24 - 1} ÷ 0.08]

$500,000 = P × ( 1.08) [{ 6.34118073724 - 1} ÷ 0.08]

$500,000 = P (72.1035)

P = $500,000 ÷ 72.1035

P = 6934.48

8 0

3 years ago

Match

AVprozaik [17]

A. Adam Smith, Father of Modern Economics," believed that competition is a regulatory force. He argues that keeps self-interest at bay by restraining the ability to take advantage of consumers.

B. Friedrich Von Hayek, often called F.A. Hayek, believed that less government intervention gives people more economic freedom. He wrote about it in his pamphlet, "Economic Freedom and Representative Government."

C. John Maynard Keyness, according to Keynesian economics, one of the tenets of this school of thought is that government intervention is necessary for stability.

D. Milton Friedman (not Friedrich), said that the government's role in the role should be restricted. The government should not control the money supply.

6 0

3 years ago

Read 2 more answers

In finance what is the time horizon

Genrish500 [490]

A time horizon is the length of time over which an investment is made or held before it is ended. Time horizons can range from seconds, in the case of a day trader, all the way up to decades for a buy-and-hold investor or an individual who is investing in a retirement plan.

6 0

4 years ago

Read 2 more answers

Oleg, the CEO of a large global production company, is excited about the introduction of statistics and computer simulations in

sp2606 [1]

Answer:

2) quantitative techniques

Explanation:

Quantitative techniques (or quantitative methods) focus on objective data (number) and they analyze those numbers to obtain conclusions relative to the research study being carried out. Quantitative techniques include polls, surveys, online questionnaires, etc., since they can all be measured in numbers. Later those numbers are processed into relevant statistics.

8 0

3 years ago

You are involved in a car accident and a stranger contacts you offering a quick cash settlement and doesn’t want to deal with th

soldi70 [24.7K]

Answer:

The answer depends on 2 vital elements

1. whether there are injured/dead people - you cannot accept the money. you must inform BOTH the Insurance company and the Police. otherwise it is a hit and run, which is a criminal offence and you will be penalized.

2.or there are no injured/dead people - then take the money and settle the dispute

Explanation:

Dealing with insurance companies is not a legal requirement and depends on your choice.

BUT,

if a person is injured or dead because of the accident, then not only should you inform the insurance company, but also you should inform the legal authorities (Police).

so, as I mentioned about, if it is just your car a and stranger's car that is damaged, then you can settle it without involving the insurance companies.

if a person or another party is involved, then you cannot!

hope this helps!

4 0

2 years ago