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harkovskaia [24]
1 year ago
7

explain why the percentage of poeple with $300,000 or more increase so substantially across the age groups​

Business
1 answer:
Tpy6a [65]1 year ago
8 0

Because in <u>accumulation of wealth, older people have an advantage</u>.

Explanation:

Older people tend to have more money simply because:

<u>1. they have had longer careers and hence are expected to have better salaries with better positions</u>

<u>2. they have had more time to save up capital and invest.</u>

Every age group chronologically is more able to collect money in their working years. Young people starting their careers are less likely to be able to accumulate wealth to have a worth that much.

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Donaldson's purchased some property for $1.2 million, paid 25 percent down in cash, and financed the balance for 12 years at 7.2
Leya [2.2K]

Answer:

$9,352.27

Explanation:

25% of 1.2million

25/100×$1,200,000

=$900,000

Monthly mortgage Payment (p)=r(PV)/{1-(1+r)^-n}

Present value (PV)=$900,000

r=7.2%/12

=7.2/100÷12

=0.072/12

r=0.006

n= 144(12 years×12months)

P=r(PV)/{1-(1+r)^-n}

=0.006×$900,000/{1-

(1+0.006)^-144

=$5,400/{1 - (1.006)^-144}

=$5400/{1 - 0.4226}

=$5,400/0.5774

=$9,352.27

6 0
2 years ago
Angela wants to sell her business. Sadie has expressed an interest in purchasing it, but is worried about whether or not she wil
Svet_ta [14]

Answer:

Option A; ECONOMIC FORCE

Explanation:

Economic forces are factors that influence the success and direction of the economy and the firms that operate in the economy. It often determines the competitiveness of the environment in which the firm operates.

Factors such as level of employment, rate of inflation, rate of interest, demographic changes, and fiscal and monetary policies, determines an enterprise’s volume of demand for its product and affect its marketing strategies and activities.

Investors and businessmen pay attention to economic forces (they take economic forces into consideration) when valuing an investment.

Since Sadie is worried about whether or not she will qualify a loan with the interest rates going up, therefore, Sadie is worried about an ECONOMIC FORCE.

4 0
2 years ago
Read 2 more answers
What are the three primary determinants of behavior in organizations?
Nostrana [21]
I think it's <span>Individuals, Groups and Structures.

Hope this helps !

Photon</span>
5 0
1 year ago
A transaction is positive if there is a sale and negative when there is a return. each time a customer uses a credit card for a
jok3333 [9.3K]

Answer:

A is f(x)= 1.5(x)

B: Find a graphing calculator to graph it.  (i.e. Desmos Graphing Calculator)

c:  The domain and range are both negative infinity to positive infinity.

Explanation:

5 0
2 years ago
The country of Lessidinia has a tax system identical to that of the United States. Suppose someone in Lessidinia bought a parcel
Montano1993 [528]

Answer: -30%

Explanation:

The Nominal gain is:

= 100,000 - 20,000

= 80,000 foci

Tax on nominal gain:

= 20% * 80,000

= 16,000 foci

After tax nominal value of land:

= 100,000  - 16,000

= 84,000 foci

The real value given the price index is:

= 84,000 / 600 * 100

= 14,000 foci

After tax real rate of cap. gain:

= (14,000 - 20,000) / 20,000

= -30%

8 0
1 year ago
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