End of each year-the worker makes every payment

Reference no: EM13695965

At the end of each year, a worker invests $2,000 into an account the draws 4% interest. The worker makes every payment for the next 30 years except for the payment at the end of year 10. That is, no money is invested at the end of year 10. How much money will be in the account at the end of the 30 years?

Reference no: EM13695965

Questions Cloud

Government engage in to increase consumption : The economy has been suffering through a recession for over a year and the government is desperate for solutions. Elections are coming up and the current administration is in danger of being replaced if something isn’t done to stimulate the economy f..

Obtaining only a normal profit in the long run : "If an unregulated monopolist is obtaining only a normal profit in the long run, it must not be operating at the lowest point on its long-run average cost curve." Do you agree? Why?

Now calculate the unregulated monopolistic outcome : A firm’s Marginal Revenue curve (in class we called this also Marginal Value) is given by w=1200-2L, where w stands for the wage and L for the quantity of labor. The labor supply curve is given as w=L.

Monopolistic competition-oligopoly are market structures : Both monopolistic competition and oligopoly are market structures

End of each year-the worker makes every payment : At the end of each year, a worker invests $2,000 into an account the draws 4% interest. The worker makes every payment for the next 30 years except for the payment at the end of year 10. That is, no money is invested at the end of year 10. How much m..

Performance standards are preferable to technology standards : Performance standards are preferable to technology standards in that they give some flexibility to firms in terms of achieving a given amount of emissions reduction. Emissions taxes are preferable to trade able emissions permits in that the revenue f..

Two options in terms of monthly payments : A car dealer is offering to a buyer one of two incentives: zero percent financing or $3,000 cash back. If the car price (before the incentives) is $25,000, find the following to compare the two options in terms of monthly payments.

Government spends more on a missile defence program : Suppose that the government spends more on a missile defence program. How does this affect aggregate demand, aggregate output, prices, and employment in the short run? How is your answer affected by the presence of the multiplier, or an increase in t..

Long-run aggregate supply than on aggregate demand : How will output and inflation in both the short run and the long run be affected if the effects of the tax cuts are stronger on long-run aggregate supply than on aggregate demand?

User Account

All Pages