What equal monthly investment is required over period

Assignment Help Business Economics
Reference no: EM131242367

What equal monthly investment is required over a period of 40 years to achieve a balance of $2,200,000 in an investment account that pays monthly interest of 0.25%? If montly interest is 2.5%

Reference no: EM131242367

Questions Cloud

Suppose land is the specific factor for? rice : Suppose land is the specific factor for? rice, while capital is the specific factor for appliances. If New Zealand exports appliances and imports? rice, the specific factors setting implies that trade causes
The? stolper-samuelson theorem predicts : The? Stolper-Samuelson theorem predicts that trade will cause countries with relatively scarce supplies of unskilled labor
Problem with public goods and free riding : You and your roommate have a stack of dirty dishes in the sink. Either of you would wash the dishes if the decision were up to you; however, neither will do it in the expectation that the other will deal with the mess. Explain how this examples illus..
Reduce pollution from paper production is to reduce output : Suppose that the only way to reduce pollution from paper production is to reduce output. The government imposes a tax equal to the marginal harm from the pollution on the monopoly producer. Show that the tax may or may not raise welfare?
What equal monthly investment is required over period : What equal monthly investment is required over a period of 40 years to achieve a balance of $2,200,000 in an investment account that pays monthly interest of 0.25%? If montly interest is 2.5%
How much money is in the account immediately after deposit : On your girls first birthday, you open an account to fund her college education. You deposit $1500 to open the account. Each year, on her birthday, you make another deposit, with each being 10% larger than the previous deposit. The account pays inter..
What is the smallest integer-valued annual compound interest : What is the smallest integer-valued annual compound interest that will result in an investment tripling in value in less than or equal to 15 years?
Explain difference between explicit costs and implicit costs : Explain the difference between explicit costs and implicit costs and who would care about these terms and why. From the point of view of a firm, how would you explain the difference between the short run and long run, and their impact on the decision..
How much should he deposit in the account : He wishes to accumulate $30,000 in a savings account in 5 years. If he wishes to make a single deposit today and the bank pays 0.2% compounded annually on deposits of this size, how much should he deposit in the account

Reviews

Write a Review

Business Economics Questions & Answers

  Changing the economy with regard to unemployment

Think of ways in which the Government is actively involved with the purpose of changing the economy with regard to unemployment or inflation (or deflation). Do you agree that the Government ought to be involved? Why or why not?

  A monopolist can produce its output at a constant average

A monopolist can produce its output at a constant average and constant marginal cost of:ATC = MC = 5. The monopoly faces a demand curve given by the following function: Q= 53-P. And a marginal revenue curve that is given by the function:MR = 53 - 2Q...

  Write down an algebraic form of a cost function

Standard empirical analysis of learning by doing estimates a "progress ratio" that is the reduction in a firm's average costs. Write down an algebraic form of a cost function which would have a constant "progress ratio."

  Many mental diseases have biological roots

What is a consequence of recognition that many mental diseases have biological roots? Mental health problems are often intertwined with other social problems, such as alcohol and drug abuse. Which of the following diseases has substantially increased..

  Show the effect in the market for wooden furniture

Show the effect in the market for wooden furniture, if the president passes a new law that say you cannot cut down any trees

  The increase in combined output by those two workers

Assume that one day's labor in Argentina can produce either 20 units of cloth or 2 units of wine, while in Chile one day's labor can produce either 24 units of cloth or 12 units of wine. If Argentina transfers 2 units of labor from wine to cloth and ..

  Evaluating the quality of a citys sanitary landfill

Evaluating the quality of a city’s sanitary landfill (garbage dump). You need to provide a nominal definition for sanitary landfill, a operational definition describing briefly how the concept will be measured, and compile at least five specific indi..

  Qwhen money decreases in value because of inflation people

q.when money decreases in value because of inflation people tend to place less trust in it as a method of storing value

  Firm do regarding production assuming they are monopoly

A firm's Price = $100 and MR = $60 at 2000 units of output. Their MC at the 2000th unit is $40, ATC is $70, and AVC is $40. Calculate the firms Total Revenue, Total Costs, Total Variable Costs, Total Fixed costs, and Total Profit at a production leve..

  Why european nations were growing very slowly

The rate cut was made because European nations were growing very slowly or were in recession. What effect did the bank hope the action would have on the economy.

  How many manufactures could b supply

At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?

  Competition in retail market of canned soft drinks

Identify the most important obstacle that makes the retail market of canned soft drinks not perfectly competitive and suggest ONE government policy to enhance market efficiency by promoting the competition in retail market of canned soft drinks.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd