Question: answer without using excel It's the first day of the year and you currently have $4,000 in the bank. You plan to deposit $600 at

answer without using excel answer without using excel It's the first day of the year and

It's the first day of the year and you currently have $4,000 in the bank. You plan to deposit $600 at the end of every year for the next 54 years, with the first payment made 1 year from now (from t=1 to t=54 inclusive). If bank interest rates are 22% pa, how much money will be in your bank account a moment after making your last deposit in 54 years? Select one: a. $309,931,735 b. $184,317,755.54 c. $184,288,082.75 d. $125,646,379.46 e. $6,727.21

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=+ a. What is the per-worker production function?

=+ 3. Consider an economy described by the production function: Y = F(K, L) = K0.3L0.7.

=+ b. What happens subsequently to output per worker in the postwar economy? Is the growth rate of output per worker after the war smaller or greater than it was before the war?