Answer:
Annual deposit= $4,169.59754
Explanation:
Giving the following information:
Donald Martin is 30 years and wants to retire when he is 65.
PV= 6,450 + 4,300= $10,750
i= 0.0854
Number of years= 35
First, we need to calculate the final value of the initial investment:
FV= PV*(1+i)^n
FV= 10,750*(1.0854^35)
FV= 189,257.05
Now, we can calculate the annual deposit required. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
FV= 1,000,000 - 189,257.05= 810,742.95
A= (810,742.95*0.0854) / [(1.0854^35)-1]
A= $4,169.59754
Answer:
gases have definite shape and volume
Explanation:
Answer:
Inflation rates for Canada = 3.3%
Inflation rates for Mexico = 9.1%
Explanation:
Data provided in the question:
For Canada
CPI in 2014 = 120
CPI in 2015 = 124
For Mexico
CPI in 2014 = 210
CPI in 2015 = 229.1
Now,
The inflation = [( Current CPI - Base year CPI) ÷ Base year CPI ] × 100%
Therefore,
For Canada
Inflation = [ (124 - 120 ) ÷ 120 ] × 100%
= 3.3%
For Mexico
Inflation = [ (229.1 - 210 ) ÷ 210 ] × 100%
= 9.1%
Answer: context
Explanation:
The factor that has most likely influenced Downing's perception of Law is context.
Context refers to the situation for the occurence of a event. It's vital to look at the circumstances that were present at the time of the behavior of a person when attempting to understand the person's behavior.
Assuming both of them were part of team meetings where almost all member gave their own suggestions, then Law would not have drawn as much attention from Downing.
Answer:
Exporting
Explanation:
Exporting refers to the sale of goods and services to a country different from the one in which they were produced. According to this, the answer is that in this scenario, Infinite Coffee's activities best illustrate exporting because the company sells the coffee to merchants in foreign markets.