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Mr. Funperson will graduate with an engineering BS degree from USF before his 25th birthday, and start his first professional job immediately upon his graduation. Mr. Funperson decides to set up a retirement account and makes his first monthly deposit into the retirement account a month after his 25th birthday. He will continue making these monthly deposits until he retires at the age of 65. Assume that his last monthly deposit will be made on his 65 birthday, and his goal is for his retirement account to reach half a million dollars on his 65 birthday. Further assume an interest rate of 6% per year. Calculate Mr. Funperson’s monthly deposit if he stops making deposits after his 55th birthday. That is, his last deposit will be made on his 55th birthday.
Johnson Metal Company uses 60,000 gallons of chemicals each year. The cost of ordering the chemicals is $200 per order, and the cost of carrying the pigment in inventory is $1 per gallon per year. The Company uses chemicals at a constant rate every d..
Illustrate what are the most important determinants of the demand function that a firm faces for the commodity it sells.
For retirement, you decide to deposit $1329 at the end of each year and you will increase your deposit by $105 per year. How much will you have at the end of 20 years if the bank pays 2.5% compounded annually?
You are a hero with a broken sword (Conan, Boromir, or your favourite Dungeons and Dragons character) being chased by a troop of bad guys (bandits, orcs, . . .). Fortunately you are on a horse and they are not. Unfortunately your horse is tired and t..
Why do consumers want to save more in the weak economy? What influences our consumption? Should governments be made by law to balance their budgets, or should they be permitted to run deficits sometimes? Should you go into debt sometimes? Explain?
If the growth rate of the money supply is 6?%, velocity is? constant, and real GDP grows at 4?% per year on? average, then the inflation rate will be what %? If the growth rate of the money supply increases to 18?%, velocity is? constant, and real GD..
A local sports bar routinely promotes sporting events, such as the Super Bowl, the NCAA Sweet Sixteen tournament, the BCS games, the Masters, NBA and NFL playoffs, NHL, baseball, NASCAR, and key curling bonspiels.
A nation will generally be able to consume less when it trades because of lost jobs to outsourcing. The consumption possibilities curve generally crosses the production possibilities curve. A nation that decides to specialize and trade is no longer l..
Why is a solid national security structure so important to the international political economy? Discuss and compare two nations one where the security structure is strong and other where it is not strong and analyze their international trade success,..
Why we might want to assess the strength of evidence against the null hypothesis.Give an example of when it would benefit to describe the strength of evidence.
Your paragraph should discuss whether income distribution in 2011 is equitable or not. Support your assertion with at least two reasons why you believe your assertion is an acceptable way to look at the question. In your post, consider how our person..
The state of Minnesota is considering building a highway through undeveloped wilderness. The construction will take 1 year and the construction costs are estimated at $10 million. The annual routine maintenance costs are expected to be $1 million per..
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