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masha68 [24]
3 years ago
10

Samuel's full retirement age is 65 years old and his monthly benefit at that age is $1,000. According to the Social Security Adm

inistration retirement program, if Samuel decides to take retirement as early as age 63, his monthly benefit will be
Business
1 answer:
Marina86 [1]3 years ago
8 0

Answer:

Assuming that Samuel's retiring age is exactly 65 years old, and he starts collecting benefits 24 months before his full retirement age (exactly on his birthday number 63), then he will receive $867 per month (or 86.7% of his full benefits).

This calculation varies depending on the number of months, e.g.

months before full retirement age                   % of full retirement benefit

24                                                                     86.7%

23                                                                      87.2%

22                                                                      87.8%

21                                                                      88.3%

20                                                                      88.9%

19                                                                      89.4%

18                                                                      90.0%

17                                                                      90.6%

16                                                                      91.1%

15                                                                      91.7%

14                                                                      92.2%

13                                                                      92.8%

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olga2289 [7]

Answer:

$4,5243.63

Explanation:

Data provided in the question:

Future value = $250,000

Interest rate = 5% = 0.05

Time = 5 years

Now,

Future value = C\times\left[ \frac{(1+i)^{n}-1}{i} \right]

here,

C = Regular deposit amount

i = Interest rate per period

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Future value = C\times\left[ \frac{(1+i)^{n}-1}{i} \right]

or

$250,000 = C\times\left[ \frac{(1+0.05)^{ 5}-1}{ 0.05} \right]

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4 years ago
Suppose that consumers' incomes increased, such that more video games were demanded at each price level. After the increase in d
PSYCHO15rus [73]

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After the increase in demand, the new equilibrium price is <u>$160</u>, where both supply and demand equal <u>300</u>.

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If the quantity demanded for a good increases as its customers' income increases, it is called a normal good.

In this case, the previous equilibrium quantity was 200 units and the equilibrium price was $50. Since the demand curve shifted to the right, both the quantity demanded increased from 200 units to 300, and the equilibrium price increased from $50 to $160.

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Many of the economic regulations put in place by the u.s. government are intended to do which two things? (select two answers.)
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Guidelines are organized in the Code of Federal Regulations as per the subject and are a gathering of regulations made by chief divisions and organizations. The 50 titles that make up the United States Code contain most of the public regulations that are presently active.

Hence, To cultivate rivalry and prevent organizations from exploiting clients.

Learn more about the US government  here :

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