1 If the supply of a pair of jeans is less than what would meet customer demand, what would likely happen to the average market price of the jeans? A. The spot price and the average market price are the same. B. The average market price is exactly the same as the equilibrium price. C. The average market price is higher than the equilibrium point. D. The average market price is lower than the equilibrium point.

Suppose you want to have \( \$ 700,000 \) for retirement in 25 years. Your account earns \( 4 \% \) interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?

"In addition, she said banks operating in Africa need to have a more end-to-end approach to risk management, considering bankability at all stages." As a followe up to Question 1 above and in addition to the solutions recommended in the anticle, recornmend how Southern African financial institutions can improve their risk management strategy.

Phil is shopping for an annuity that guarantees he CANNOT outlive the benefits. Which of these benefit options would he choose?Accelerated lifetime benefitGuaranteed lifetime withdrawal benefitRight of income riderGuaranteed minimum accumulation benefit

How much would you need to deposit in an account now in order to have \( \$ 3000 \) in the account in 15 years? Assume the account earns \( 5 \% \) interest compounded monthly.

Find the final hourly wage if a \( \$ 9.00 \) starting wage is increased by \( 4.5 \% \) each year for 8 years.