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1. John's goal in life is to be a millionaire. He has $6,980 in a saving account and figure he is likely to earn an 18% rate of return every year. How many years does it take for John to have his first $1,000,000? (Round your answer up to the nearest whole number.)
2. If John consistently makes $1200 deposit into his saving account every year, how many years would it take for John to have his first $1,000,000? (Round your answer up to the nearest whole number.)
Allysha just borrowed 35,600 dollars. She plans to repay this loan by making a special payment of 5,500 dollars in 5 years and by making regular annual payments of 6,700 dollars per year until the loan is paid off. If the interest rate on the loan is..
Is the theory of multinational enterprise essentially consistent or inconsistent with the traditional model of comparative advantage?
Elucidate how this can be possible, in spite of the fact that the exchange itself creates nothing new the goods being traded are still the same as they were before being traded.
Assume your time value of money (MARR) is 7% annually, and this machine lasts 6 years. What is the Net Future Value of this machine?
Since the 1970s, we have seen a shift in management’s attitude and approach toward unions. For this discussion, we will examine why this shift occurred and its implications for the future. What factors are important in understanding a company’s attit..
The quantity of pizzas demanded soared the following week from 1 pie an hour to 100 pies an hour. Illustrate what was price elasticity of demand for Domino's pizza.
What are the different types of unemployment and how are they related to the condition of the economy during a given period? Is it possible for the number of employed workers to increase while the unemployment rate rises? Explain??
HI5003 Economics for Business Assignment. Discuss the unemployment rate, types, issues, and government policy of Australia and comment unemployment in various states of Australia. You need to specify in different region like NSW, WA, Tasmania, Qld ..
What is the Coase Theorem? Explain the relevance of each of the following conditions for the applicability of the theorem? Describe the difference between the logic of market processes and the logic of democratic political processes? How does this re..
When a recession due to a decrease in aggregate demand occurs, how can the Central Bank react? What does that reaction look like in the model? What are the long-run implications of the Central Bank is actions in a) and c), respectively?
Assume that the following data characterize the hypothetical economy of Trance: money supply = $180 billion; quantity of money demanded for transactions = $140 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, incr..
Identify and discuss the key differences between the presidential and parliamentary systems of government. Your answer should include a comparison of electoral processes which brings a party to power, how the executive and his/her cabinet are selecte..
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