You have just started a new job and plan to save $4,950 per year for 41 years until you retire. You will make your first deposit in one year. How much will you have when you retire if you earn an annual interest rate of 9.89 percent

$2,341,579.57

Explanation:

Data given in the question

Annuity value = $4,950

Annual interest rate = 9.89%

Time period = 9.89%

So, by considering the above information, the future value of an annuity is

Future value of annuity = Annuity ×  [(1 + interest rate)^time period - 1] ÷rate

= $4,950 × [(1.0989)^41 - 1] ÷ 0.0989

=$4,950  × 473.0463785846

= $2,341,579.57

c

explanation:

well obviously you must be dumb if you dont noe dat

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.