Herman receives an annuity that pays him $10,000 per year for 12 years. Herman hopes to purchase a $250,000 sports car with the proceeds from investing the annuity payments at the end of the 12 year period. What annual interest rate does Herman need to earn to afford his purchase ?

What would be the input, conversion and output of developing a new soft drink

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.

Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)