Answer:
The answer is $289,640.08
Explanation:
Solution
Given that:
You want to make a withdrawal of the amount = $100,000 per year
Number of years = 20
Interest per year = 8%
Now,
Let the current balance required is X
The amount in bank due to the interest after 19 years =X(1+0.08)^19
This should be equal to the 100,000 drawn forever.
Thus,
X(1.08)20-100,000=A(1.08)19 [i.e after drawing $100,000 a year later, this same amount should remain]
Hence,
X = $289,640.08
Therefore the amount you will have to have in your retirement account in year 0 is $289,640.08
Answer:
B. the bond demand curve shifts to the left, the bond supply curve shifts to the right, and the equilibrium interest rate usually rises.
Explanation:
In this case:
- The supply increases, curve shifts to the right.
- The demand increases, curve shifts to the left
- Both the above shifts cause the price of bonds to decrease
- The above changes cause interest rate to increase
In this way, the quantity of bonds increase
It can be caused by an earthquake or volcano but then you can add 5
B, because the average customer would want 2
Answer:
Follows are the solution to this question:
Explanation:
In option A, Its increase in consumption and GDP is $200.
In option B, Investment decisions increase about $1800, net exports drop by $1800 and therefore GDP should remain constant.
In option C, GDP or investment wasn’t increasing only at present because estimates were produced last year.
In option D, Market growth is $470 million, options trading is rising by $30 million but GDP is growing by $500 million.
GDP is just a misleading indicator, it does not take into account recreation, environmental protection, education and health rates, non-market behaviors, changes in wealth disparity, increases of variety or rises in innovation. HDI's social progress Index could be used to highlight a need for people or their ability to assess national growth as the supreme requirement.