Suppose that Tyler wants to buy a house and is thinking of using $20,000 that sits in a retirement account for a down payment on this new home. Using the $20,000 as a down payment will reduce Tyler's income when he retires in 30 years. If Tyler can earn an 8% annual return on his money if he leaves it in the retirement account, how much will his consumption in retirement be reduced if he uses this money for a down payment now

If he uses the money today, his retirement consumption will decrease by $201,253.14.

Explanation:

Giving the following information:

Present Value= $20,000

Number of periods= 30 years

Interest rate= 8% compounded annually

We need to determine the future value (capital + interest) of the $20,000 in 30 years, using the following formula:

FV= PV*(1+i)^n

FV= 20,000*(1.08^30)

FV= $201,253.14

If he uses the money today, his retirement consumption will decrease by $201,253.14.

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation: