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Suppose that $2700 is set aside each year and invested in a savings account that pays 10% intrest per year, compounded continuously.
a) Determine the accumulated savings in this account at the end of year 24
b) Suppose that an annuity will be withdrawn from savings that have accumulated at the end of year 24. The annuity will extend from the end of year 25 to the end of year 32. What is the value of this annuity if the interest rate and compounding frequency in part (a) do not change?
Determine the after-tax rate of return on this investment. Uncle Elmo thinks it should be at least 8%. If Uncle Elmo could sell the generator for $7000 at the end of the fifth year.
How much must be deposited each month for 9 months at an interest rate of 6.9% per month to allow for a single withdrawal of $50,854.48 at the same time as the last deposit?
Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.
Calculate the original market equilibrium price and quantity in absence of the price support policy.
suppose that a new law requires every firm to provide its workers with free parking spaces. these spaces are worth 200
After the first course in biology or chemistry, many decide to major in something other that the natural sciences. which of the 12 principles is at work here?
What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.
Explain how you were to learn that a bottle of Gatorade rise in size from 2009 to 2010, should that information affect your calculation of the inflation rate.
karens performance pizza is a small restraunt in ny that sells gluten free pizzas karens very tiny kitchen barely has enoug room for the three ovens in which her workers bake the pizzas karen signed a lease obligating her to pay the rent for the t..
how should he change his bundle to reach his optimum? Explain your answer using the marginal utility condition at the optimal choice.
Derive an expression for average cost. Derive an expression for marginal costs.
q1. throughout 2nd world war u.s. prisoners of war utilized cigarettes as a form of money. cigarettes were used to
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