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yan [13]
3 years ago
13

Isaiah is in his 50s and currently does not have a retirement fund. However, he recently read a few articles about the insuffici

ent savings of people in retirement and, as a result, he decides he wants to start now. He saves $500 per month for 15 years and earns 7% by investing in the stock market through an index fund.
Business
1 answer:
leonid [27]3 years ago
4 0

Answer:

Future Value= $158,475.64

Explanation:

Giving the following information:

He saves $500 per month for 15 years and earns 7% by investing in the stock market through an index fund.

I assume we have to determine the value of the investment at the time of retirement.

<u>We need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit= 500

n= 15*12= 180

i= 0.07/12= 0.005833

FV= {500*[(1.005833^180) - 1]} / 0.006833

FV= $158,475.64

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For a promise or order to be considered negotiable, it must of a necessity be an unconditional order for payment. Unlike deals where satisfaction with the goods being purchased is prerequisite for payment, for a negotiable promise or order, payment cannot depend upon any condition or contract. 

5 0
3 years ago
What is the effect of a 10 percent price increase on quantity demanded if elasticity is infinite?
Julli [10]

Answer:

Demand drops to zero

Explanation:

Infinite elasticity of demand is also called perfect elasticity of demand.

In this scenario the demand for a product is attached to it's price.

There is an infinite change in the quantity demanded as a result of change in price.

Graphically it is a horizontal demand curve as represented in the attached

Even a small increase in price will cause demand to fall to zero.

Examples are luxury goods such as high end cars and expensive jewelry.

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3 years ago
Type the correct answer in the box. Spell all words correctly
Otrada [13]

Answer:

Explanation:

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They usually need more time to read and write, and go through series of frustration navigating numbers.

Therefore it will be best for Nathanael to use diagrams in his adverts to convey the message the company is trying to get across, because Individuals with dyslexia have more of a visual mind.

Also using less words and highlighting keywords with bright colours will make it clearer.

6 0
3 years ago
Ethan considered three important attributes when deciding where he would do his banking: the convenience of the location, hours
sineoko [7]

Answer:

<em>c. evaluative criteria </em>

Explanation:

Evaluative criteria are <em>when a consumer chooses a different product because of factors like value, cost, and functionality from the one they initially had in mind. </em>

It could take a little while for certain consumers to study and explore different goods before they purchase.

While some, just before they purchase, can make the decision automatically.

4 0
3 years ago
The following information pertains to Zion Company’s defined benefit pension plan:_______.
kobusy [5.1K]

Answer:

c. $45,000 liability

Explanation:

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= $22,000 + $40,000 - $0

= $62,000

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= $17,000 + $40,000

= $57,000

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=  -$45,000

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5 0
3 years ago
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