Mr. moore is 35 years old today and is beginning to plan for his retirement. he wants to set aside an equal amount at the end of each of the next 25 years so that he can retire at age 60. he expects to live to the maximum age of 80 and wants to be able to withdraw $25,000 per year from the account on his 61st through 80th birthdays. the account is expected to earn 10 percent per annum for the entire period of time. determine the size of the annual deposits that must be made by mr. moore.

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.