Income increases at an average annual rate, Macroeconomics

Assignment Help:

Upon taking his first job at college your Dad earns an annual salary of $38,000 and set a goal to earn $10000 per year. If his salary increases at an average annual rate of 12% how long did it take to reach his goal?

A. 8.54
B. 26.31
C. He has not earned $100,000 in a single year
D. 2.63

Related Discussions:- Income increases at an average annual rate

Why monopoly is broken into a number of competitive parts, A monopoly is br...

A monopoly is broken into a number of competitive parts. Predict the changes in output and price which are likely to take place. Making the basic assumptions that, 1) The i

Value to change expect the market, You just inherited a house with a market...

You just inherited a house with a market value of $300,000, and do not expect the market value to change. Each year, you will pay $1,000 for utilities and $3,000 in taxes. You can

Effect of distance on completed, From stock and watson 3rd edition introduc...

From stock and watson 3rd edition introduction to econometrics Using the data set CollegeDistance described, run a regression of years of completed education (ED) on distance to t

Average price-earnings ratio, In a survey of 120 publicly-traded companies,...

In a survey of 120 publicly-traded companies, the average price-earnings ratio was 18.5 with a standard deviation of 8.2. When testing the hypothesis (at the 5% level of significan

Expected inflation, Note that it's changes in prices during 2008 that matte...

Note that it's changes in prices during 2008 that matter for the high real interest rate (time period when your deposit is earning interest). This means that you can never know how

What are the comparative benefits, What are the comparative benefit The...

What are the comparative benefit The idea of comparative benefit defines that a nation must specialise in the industries in which it has a comparative advantage. Comparative be

Online homework, I want you to do online homework about The Influence of M...

I want you to do online homework about The Influence of Monetary and Fiscal Policy on Aggregate Demand All the questions around 10

Dynamic Programming _ Euler, How to get the Euler equation?

How to get the Euler equation?

Permanet inocme, if your earning records over year has been:Yt=$40000 Yt-1=...

if your earning records over year has been:Yt=$40000 Yt-1=$38000 Yt-2=34000 Yt-3=$32000 YT-4=31000,What is the your permanet income?

Economic system is the best solution, Which economic system is the best sol...

Which economic system is the best solution to handling a crisis of epic proportion?

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages