Answer:
Amount at the end of twentieth year is $12,300
Explanation:
Annuity means a set of fixed amount of payments either made to you or paid by you , at a fixed number of times over a course of defined period.
The case given in the question is of ordinary annuity , where fixed amount of payment are required at the end of each period.
FORMULA FOR FUTURE VALUE ORDINARY ANNUITY =
Where, C(cash flow) = $300,
I(interest rate) = 7%
N(number of period) = 20
FV ( Future value)
![FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= CASH\ FLOW(C)\times \left [ \frac{1+I^{N}-1}{I} \right ])](https://tex.z-dn.net/?f=FUTURE%5C%20VALUE%28FV%29%5C%20OF%5C%20ORDINARY%5C%20ANNUITY%3D%20CASH%5C%20FLOW%28C%29%5Ctimes%20%5Cleft%20%5B%20%5Cfrac%7B1%2BI%5E%7BN%7D-1%7D%7BI%7D%20%5Cright%20%5D%29)
![FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{1+7\%^{20}-1}{7\%} \right ])](https://tex.z-dn.net/?f=FUTURE%5C%20VALUE%28FV%29%5C%20OF%5C%20ORDINARY%5C%20ANNUITY%3D%20%5C%24300%5Ctimes%20%5Cleft%20%5B%20%5Cfrac%7B1%2B7%5C%25%5E%7B20%7D-1%7D%7B7%5C%25%7D%20%5Cright%20%5D%29)
![FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 1.07\ ^{20}-1}{7\%} \right ])](https://tex.z-dn.net/?f=FUTURE%5C%20VALUE%28FV%29%5C%20OF%5C%20ORDINARY%5C%20ANNUITY%3D%20%5C%24300%5Ctimes%20%5Cleft%20%5B%20%5Cfrac%7B%5C%201.07%5C%20%5E%7B20%7D-1%7D%7B7%5C%25%7D%20%5Cright%20%5D%29)
![FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 3.87\ -1}{7\%} \right ])](https://tex.z-dn.net/?f=FUTURE%5C%20VALUE%28FV%29%5C%20OF%5C%20ORDINARY%5C%20ANNUITY%3D%20%5C%24300%5Ctimes%20%5Cleft%20%5B%20%5Cfrac%7B%5C%203.87%5C%20-1%7D%7B7%5C%25%7D%20%5Cright%20%5D%29)
![FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 2.87}{7\%} \right ])](https://tex.z-dn.net/?f=FUTURE%5C%20VALUE%28FV%29%5C%20OF%5C%20ORDINARY%5C%20ANNUITY%3D%20%5C%24300%5Ctimes%20%5Cleft%20%5B%20%5Cfrac%7B%5C%202.87%7D%7B7%5C%25%7D%20%5Cright%20%5D%29)
= 861/7%
= $12,300
Answer: . c. More low-income residents are able to find more housing in rent-controlled cities in the long term.
Explanation: Placing a law that keeps rents at stable prices, people with low resources may have more access to obtain a home if rents are not controlled. The offer will be low so prices will be much higher and in this case not everyone will have access to housing
Answer:
Excess supply
Explanation:
Equilibrium price is the price where the demand curve equals the supply curve.
When price is above the equilibrium price, quantity supplied increases.
According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
If price is below the equilibrium price, there would be excess demand.
I hope my answer helps you
True it is a non market transaction
Answer:
(d) 20%
Explanation:
Although Benjamin Graham said in 1976 that markets were so efficient that one could not expect to identify undervalued securities consistently as he had done throughout his career, he continued to find this one variable useful. His return was 20%.
