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Brad will graduate next year. When he begins working, he plans to deposit $3,000 at the end of each year into an IRA account. If the retirement account pays 4% interest, how much will be in his account after 40 deposits? (Please show work step by step & Draw cash flow diagram )
Specialization can mean that different people produce different things or that different people perform different tasks in producing the same things. Give examples of different people producing different things and exchanging their products (the soci..
What are the factors that would influence the Federal Reserve in adjusting the discount rate? How does the discount rate affect the decisions of banks in setting their specific interest rates? How does monetary policy aim to avoid inflation?
Reliable packaging is a perfectly competitive firm. Its output is 20,000 units a day; its daily total revenue is $750,000; its average total cost is $37.50; and its average variable cost is $27.50. It is operating at the output level where average to..
its marginal costs are below total average costs. If it creates an additional watch where its average total costs rise -fall or stay the same.
Increasing returns to scale in production means. The demand curve facing a price-making firm is. In the long run all production inputs are variable. Decreasing returns to scale prevail when output increases by a proportion that is smaller than the pr..
Its terminal salvage value will be $23,000, with annual operating costs of $7,500 for labor and $2,500 for maintenance. The company's minimum attractive rate of return is 18%.
Suppose the amount 207 is paid at the end of each of several equal periods and 0.059 is the interest rate per period, then at the end of these periods, the total amount paid is 951. Find the number of periods; due to uncertainty in the interest rate ..
What does Erikson mean by “is prone to perversion by destructive forms of conscientiousness?” How can someone who is conscientious be destructive? Can people trying to "do good" end up harming others?
In 1999, the Canadian economy was at full employment. Real GDP was $886 billion, the nominal interest rate was around 6 percent per year, the inflation rate was 2 percent a year, the price level was 110, and the velocity of circulation was constant a..
Suppose you manage a convenience mart and are in charge of ordering products but do not set the price. The home office provides the prices. In your area, the income elasticity of demand for peanut butter is -.05. Due to local factory closings, you ex..
Borrowing in the form of debt is riskier than borrowing in the form of equity. Explain why this is true.
One day when Gilligan was diving in the lagoon he came across a gigantic oyster. Gilligan loved raw oysters so he pried the mollusk from the rocks and hastily came ashore. When he pried open the oyster he was surprised to find a huge gray pearl. Defi..
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