You just turned 35 and have been saving for an around-the-world vacation. you want to take the trip to celebrate your 40th birthday. you have set aside, as of today, $15,000 for such a trip. you expect the trip will cost $25,000. the financial instruments you have invested the $15,000 in have been earning, on average, about 8%. (you may ignore income taxes). (a) will you have enough money in that vacation account on your 40th birthday to take the trip? what will be the surplus or shortfall in that account when you turn 40? (b) if you had to, you could further fund the trip by making, starting today, five annual $500 contributions to the account. if you adhere to such a plan, how much will be in the account on your 40th birthday?

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.