Your job pays you only once a year for all the work you did over the previous 12 months. today, december 31, you received your salary of $52,000 and you plan to spend all of it. however, you want to start saving for retirement beginning next year. you have decided that one year from today you will begin depositing 10 percent of your annual salary in an account that will earn 9.2 percent per year. your salary will increase at 3 percent per year throughout your career. how much money will you have on the date of your retirement 40 years from today? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

Ange in supply or (ii) a movement along the supply curve. a. during a real estate boom that causes house prices to rise, more homeowners put their houses up for sale. b. many strawberry farmers open temporary roadside stands during harvest season, even though prices are usually low at that time. c. immediately after the school year begins, fewer young people are available to work. fast-food chains must raise wages, which represent the price of labor, to attract workers. d. many construction workers temporarily move to areas that have suffered hurricane damage, lured by higher wages. e. since new technologies have made it possible to build larger cruise ships (which are cheaper to run per passenger), caribbean cruise lines have offered more cabins, at lower prices, than before. 2. in the following three situations, the market is initially in equilibrium. after each event described below, does a surplus or shortage exist at the original equilibrium price? what will happen to the equilibrium price as a result? a. in 2010 there was a bumper crop of wine grapes. b. after a hurricane, florida hoteliers often find that many people cancel their upcoming vacations, leaving them with empty hotel rooms. c. after a heavy snowfall, many peop