How many years will it take for $197,000 to grow to be $554,000 if it is invested in an account with a quoted annual interest rate of 8% with monthly compounding of interest? 8. At what quoted annual interest rate must $134,000 be invested so that it will grow to be $459,000 in 15 years if interest is compounded weekly? 9. An annuity pays $24,000 per year for 11 years (first payment one year from today).
Brittney Little Mr. Rogan English 111 7 November 2013 Honduras: The Murder Capital of the World In Honduras over 60% of the population live in poverty. It is one of the poorest countries in the American continent (“This is Honduras”). This economic stagnation has had far-reaching effects on the Honduran population, from poor education, healthcare, and joblessness to increased theft, and more severe criminal acts such as illegal drug trade, sexual assault, human trafficking, and murder. The impacts of foreign mission activity are noticeable and much needed, but they alone are not enough to change the direction of the Honduran economic and social situation. Sporadic foreign aid also does little to help Honduras on the scale necessary to
As shown in Source E, the people with more income are for getting rid of the penny, while the more poor people are against the abolishment. This is probably because the more upper class people do not have to pay for simple things with the pennies they find on the streets. Poorer people who make less than $25,000 a year obviously don’t have good jobs, probably not full coverage health insurance, and a lot of the time, have more children to take care of. Due to the insurance they have, their prescriptions and doctor co pays are very expensive. Penny pinching may be these deprived people’s only option in paying bills.
Marge's AGE levels are quite low. That means she's more likely to enjoy a long, healthy life, while looking and feeling a lot younger than she really is. Louie is younger, but the effects of aging are accelerated due to elevated AGE levels in his body. Marge, even though she's had more birthdays, is in much better shape because she takes care of herself. Her body is healthier and she has the AGE levels of someone nearly half her age.
Between 1935 and 1975, wealth amongst society increased and this created a decline in social connectedness as society grew more materialistic. This resulted in large divisions amongst society based on their economic status. The poor only got poorer, whilst the rich got richer. The poor found them selves detached from society as every one grew more materialistic and were never satisfied with what they had. Carver came from a broken family, who never supported him and this inspires a lot of his stories, as the sequence of event are similar to his own.
The people who were spending money were the poor more often than the rich; the poor were getting poorer and the rich were essentially becoming richer because even though there was no money to make, they were not spending. In the 1980s and 90s, economists argued that the Federal Reserve had caused banks to decrease their willingness to loan money, which lead to a severe decrease in consumption and in investment because no one had any money to spend. (Szostak 2003). Many people also blamed Hoover for the recession. Hoover was the president at the time.
This is added to costs for advanced health care. Many feel that this will increase taxes, even causing some to not work because of how much they will have to pay to social security, putting an even further gap between the working and the elderly. We are often left with the question, what about us when we become elderly? When we reach elderly age, the elderly population will almost be doubled, and the working taxpayer percentages will be lower due to infertility, who
The ratio of retired people to workers is expected to dramatically increase in the coming decades, which would result in significant changes in the Security System of America’s retirement money. Immigrants, with their children and younger relatives, will introduce a younger workforce, which can slow down the increase of this very important
Without the TANF program to provide help for these families the poverty rate would rise continuously. The welfare programs from analysts believe several factors have contributed to the decline, including an improved economy, tougher work requirements and diversion. Strategists that have moved applicants directly to work programs (Almanac, 20010). However, in my opinion I would say that welfare is not checked often enough and it should be more often. People who are on welfare tend to play the system because they know they can get away with it and take advantage, because the welfare office does not check like they should.
It is sad how the poor are getting poor and the middle class are barely holding on to their class and how the rich keep getting richer. I feel that inequality is increasing between the rich and poor and I feel that should not be happening so it is a good thing that the Occupy Wall Movement has taken a step toward it. The Movement has spread throughout the world because of how it supports the majority 99% person of people that are living in United States. I feel that it has spread more because of how the crisis have increased a lot which has become a major problem and the movement has about 20,000 person in support which is a good amount of number to make a