Answer:
The amount of money you must save each year to meet your retirement goal is $7,462.86
Explanation:
Acording to the data, we have the following:
Future value =$590,000 , N = 30 years and I = 6%
Therefore, to calculate the amount of money you must save each year to meet your retirement goal you have to use the formula of the future value.
Future value = yearly deposit * FVIFA (N,i)
$590,000 = deposit * FVIFA (30 , 6%)
Deposit = $590,000 / 79.0582 = $7,462.86
. Money to save each year.
These people perform many of the activities required to move products efficiently from producers to consumers or industrial buyers and are often wholesalers
Who are wholesalers ?
A wholesaler is a company or individual that purchases great quantities of products from manufacturers, farmers, other producers, and vendors. Wholesalers store them in warehouses and sell them on to retailers (shops and stores) and businesses.
Wholesalers are the merchant middlemen who sell mainly to retailers, other merchants, commercial, industrial, or institutional users. They buy principally for resale or business use.
The wholesaler’s business model is based on being the intermediary – the go-between. They operate between a product’s manufacturer and other businesses that want to sell that product.
What is the role of a retailers?
A retailer purchases in bulk from the wholesalers and sells the products to the customers in small quantities. A retailer essentially maintains a variety of merchandise. The aim of a retailer is to achieve maximum satisfaction by exceeding their expectations and delivering exceptional services
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Answer:
Option A (an economic recession in the U.S) would be the correct choice.
Explanation:
- A recession seems to be an economic and financial term of knowledge and skills to a substantial reduction in the total financial outlook of the specified location.
- Usually, as expressed by GDP throughout combination with monthly metrics such as an uptick in unemployment, this one has been recognized as two successive quarters of economic downturn.
Some other three options aren't connected to the example described. But the response above is the right one.
Answer:
Equals the foreign exchange rate minus the inflation rate.
Explanation:
Nominal rate of interest refers to the interest rate which does not account for rate of inflation.
It is expressed as
Nominal interest rate = Real interest rate + rate of inflation
Real interest rate is considered to be a better measure since it is adjusted for rate of inflation.
Foreign exchange rate refers to exchange rate between two currencies which is based upon inflation and interest rates prevailing in the respective countries.
Answer:
The correct answer is letter "A": beliefs.
Explanation:
Beliefs are preconceived ideas individuals have based on their thoughts and experiences. Some beliefs could be wrong moreover when the individual experience is little or insignificant about a topic. Beliefs tend to be subjective most of the time and represent a true for individuals that can be confirmed or corrected.
