The market interest rate related to a bond is also called the a.stated interest rate b.contract interest rate c.effective intere

Answer:

The total required amount is $7,056.46

Explanation:

Given the following details:

You aim to accumulate enough savings to produce an annual cash flow of $55,000 for 25 years during retirement. How much should you save each year, assuming a return of 7.5 percent on your savings?

Final value = 55,000 * 25 = 1,375,000

Using the formula: FV = {A*[(1+i)^n-1]}/i

A represents the annual contribution.

To isolate A:

A = (FV*i)/{[(1+i)^n]-1}

A = (1,375,000*0.075)/[(1.075^38)-1]= $7,056.46

The individual most resembling a consumer is one who employs a mechanic to repair their vehicle.

The price of coffee beans decreases while their quantity increases. The exceptionally favorable weather leads to a greater harvest of coffee beans, thus expanding the supply curve to the right. This results in a lower price for coffee beans, which consequently boosts the quantity sold. Additionally, a decrease in coffee bean prices results in an increased supply of coffee cups, which in turn reduces their price while elevating the quantity of coffee cups sold. Given that coffee cups and donuts are complementary products, the decreased coffee bean prices stimulate a rise in demand for donuts, elevating both the price and quantity of donuts sold.

Answer:

Total cost = $25,200

Explanation:

Based on the following data:

Unit variable cost = $12

Produced units - total cost:

June: 2,200 - $32,400

July: 600 - $13,200

August = 1,600 units

Initially, we must identify the fixed costs:

Fixed costs = total cost - total variable cost

June = 32,400 - 12*2,200= $6,000

July = 13,200 - 12*600= $6,000

Next, we can compute the total cost for 1,600 units

Total cost = 6,000 + 12*1,600= $25,200