You want to have saved $1,000,000 in 30 years by starting your savings today. How large of a payment do you have to make each year if the interest rate is 10%? Suppose your great-uncle is about ready to retire and talks with you about an option his financial planner has been discussing with him. The financial planner notes that a 25 year annuity ought to be sufficient for his remaining expected lifetime and explains the discount rate for the annuity he offers is 4.5% annually. What are the expected annual payments to your great-uncle if he uses his $ 1, 750,000 in savings to purchase the annuity? His first payment is expected to start one year from today.

Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.

Donna and gary are involved in an automobile accident. gary initiates a lawsuit against donna by filing a complaint. if donna files a motion to dismiss, she is asserting that