How much must you deposit each year into your retirement account starting now and continuing through year 12 if you want to be able to withdraw $70,000 per year forever, beginning 31 years from now? Assume the account earns interest at 10% per year. The amount to be deposited is determined to be: $?

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.