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 ?

You wants to open a saving account.which account will grow his money the most

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.