You will get some practice calculating fv and fva's that we learned about in this chapter for this db, while also hopefully showing you something that could you in your personal life! . here try using the future value tables to show yourself the difference that waiting 10 years to start saving for retirement can make. assume you are 27 and start saving $3,000/year. you do this for 10 years before circumstances prevent you from saving any more, but the money that has amassed will continue to sit and earn 10%, like it has from when you first started saving, until you retire at age 67 (another 30 years). so you will first use the fva (future value of an annuity) of $1 chart for $3,000 at 10% for 10 years; then use that resulting number in a fv of $1 chart for 30 years (periods) at 10% to see how much you would have at retirement. next, assume you wait until age 37 to start saving, but no circumstances cause you to stop (a very rare occurrence in real life! unexpected things almost always will happen to derail your best saving so for this one, you will use just the fva chart, still using $3,000 and 10%. show your work and results, as well as comments. are you surprised by the results? i will comment on this later in the week after everyone has posted. original posts should contain a minimum of 120 words.

Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.

Suppose that fizzo and pop hop are the only two firms that sell orange soda. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: pop hopadvertise doesn’t advertisefizzo advertise 10, 10 18, 2doesn’t advertise 2, 18 11, 11for example, the upper right cell shows that if fizzo advertises and pop hop doesn't advertise, fizzo will make a profit of $18 million, and pop hop will make a profit of $2 million. assume this is a simultaneous game and that fizzo and pop hop are both profit-maximizing firms. if fizzo decides to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise. if fizzo decides not to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise. if pop hop advertises, fizzo makes a higher profit if it chooses (not to advertise, to .if pop hop doesn't advertise, fizzo makes a higher profit if it chooses (not to advertise, to . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? fizzo will choose to advertise and pop hop will choose not to advertise. both firms will choose to advertise. fizzo will choose not to advertise and pop hop will choose to advertise. both firms will choose not to advertise. again, suppose that both firms start off not advertising. if the firms decide to collude, what strategies will they end up choosing? fizzo will choose not to advertise and pop hop will choose to advertise. both firms will choose not to advertise. fizzo will choose to advertise and pop hop will choose not to advertise. both firms will choose to advertise.