Answer:
the amount have in 25 years is $317,628
Explanation:
The computation of the amount have in 25 years is shown below:
PMT = Payment saved per year
= $3,000 + $750
= $3,750.00
N = Periods of payment = 25 years
R = Rate = 9%
Now the formula is
FV = (PMT × ((1 + R)^N-1) ÷ (R)
= $3,750 × ((1 + 9%)^25-1) ÷ (9%)
= $317,628
Hence, the amount have in 25 years is $317,628
It’s means to take in or contain something as part of a whole
<span>Margaret Rousseau developed techniques to mass-produce: penicillin.
Explanation: Margaret Rousseau was a chemical engineer who designed the first penicillin production plant
An entrepreneur is best defined as a person who: takes financial risk to try new business ideas
Explanation: The element of financial risk is inherent in entrepreneurship.</span>
Answer:
d) steer the economy away from recession and toward growth best describe what central bank uses money policy to do
Explanation:
A key role of the central banks is to conduct monetary policy so as to achieve price stability (low and stable inflation) and to aid manage economic fluctuations.
<span>The reserve requirement, which is also referred to as the cash reserve ratio, is 25 percent. This is calculated by subtracting the $6,000 loaned out from the bank's $8,000 in deposits, yielding a reserve of $2,000. The reserve requirement is calculated by dividing $2,000 by $8,000.</span>
