Answer:
Monthly pay= 5344.67
Explanation:
Giving the following information:
To live comfortably, you decide you will need to save $ 1million by the time you are 65.
Today is your 29th birthday, and you decide to put the same amount into a savings account. If the interest rate is 8%.
How much must you set aside each year?
n= 36
i= 0.08
FV= 1,000,000
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
We need to isolate A (monthly pay):
<u>A= (FV*i)/[(1+i)^n-1]</u>
A= (1000000*0.08)/(1.08^36-1)
A= 80000/14.96817184
A= 5344.67
According to liquidity preference theory, a drop-off in money demand for some ground other than a change in the price degree causes The interest rate to go down, so the aggregate demand shifts.
<h3>What is aggregate demand?</h3>
The total amount of goods and services produced in an economy is the measurement of the aggregate demand.
The aggregate demand is shown as the total amount of money is exchanged at the particular price level and point in time.
Thus, The interest rate to go down,
For more details about aggregate demand, click here:
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Yes, because firms produce where the marginal benefit to consumers equals the marginal cost of production.
Answer:
the Digby Corporation's total liabilities is $156.92 million
Explanation:
The computation of the total liabilities is given below:
Total Liabilities is
= Total Asset - (Total Common Stock + Retained Earnings)
= $210.761 - ($6.350 + $47.491)
= $210.761 - $6.350 - $47.491
= $156.92 million
Hence, the Digby Corporation's total liabilities is $156.92 million
The same should be relevant
Answer: ASTM International
Explanation:
The group that is responsible for the establishment of standards which identify material specifications and testing procedures is referred to as ASTM International.
ASTM International was formerly called the American Society for Testing and Materials. This is an international standards organization which technical standards for different products, materials, systems, and services.
It was put in place in order to improve safety and to also improve the quality o both the consumer and the industrial products.