Answer:
FV= $857,840.94
Explanation:
Giving the following information:
First investment:
Annual deposit= $5,000 per year
Interest rate= 10%
Number of years= 5
Second investment:
Number of years= 35
Interest rate= 10%
Lumpsum= first investment
First, we need to calculate the future value of the first investment. We will use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000*[(1.1^5) - 1]} / 0.10
FV= $30,525.5
Now, the future value of the second investment.
FV= PV*(1+i)^n
FV= 30,525.5*(1.1^35)
FV= $857,840.94
1. A,B,C
A. adding plumbing to a new building
B. creating a piece of furniture
C. preparing food to serve to customers
2. B,C
B. using medical terminoligy
C. managing office personnel
Answer:
stimulation ; stabilization
Explanation:
Automatic stabilizers act to stimulate the economy during recessions and stabilize the economy when it becomes overheated
Buying is the highest risk investment because the outcome is unknown and you have to take a gamble.