Answer: $50,846.3701
Explanation:
Need to save $4 million to live comfortably,
Interest rate, r = 3%
N = 40 years



= 1,226,241.57



![1,226,241.57=C[\frac{1}{0.03}\times(1-0.3065)+1]](https://tex.z-dn.net/?f=1%2C226%2C241.57%3DC%5B%5Cfrac%7B1%7D%7B0.03%7D%5Ctimes%281-0.3065%29%2B1%5D)


= $50,846.3701
Hence, $50,846.3701 will be the annual payment to have $4 million in the account on 65th birthday.
Answer:
Factoring fee = 2% * Account Receivable
= 2% * $3,400
= $68
Date Account Titles and Explanation Debit Credit
Cash $3,332
Factoring expenses $68
Account receivables $3,400
(To record the receipt of cash against the receivables)
Answer:
why wages for females are lower than for males in a particular labor market
Explanation:
Economics is the study of how people decide and how these decisions affect the world around them. Microeconomics focuses on particular markets, individuals and organizations, whereas macroeconomics focuses on the entire economy.
Response is “ why wages for females are lower than for males in a particular labor market” because there the micro-economist would focus on a particular market: the labor market, and tries to understand the wage gap between female and male workers.
The remaining options focus on large scale factors on a “macro” level and thus do not pertain to the study of “micro”economics
.
Answer:
the current bond price is $1,147.20
Explanation:
The computation of the current bond price is shown below:
Given that
NPER = 10
RATE = 6%
PMT = $1,000 × 8% = $80
FV = $1,000
Here we assume the future value be $1,000
The formula is shown below:
= -PV(RATE,NPER,PMT,PV,TYPE)
After applying the above formula, the current bond price is $1,147.20
I think its B.
Sustainable farming focuses on producing long-term crops and livestock, while also having minimal effects on the environment.