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Sonbull [250]
2 years ago
11

At base, the mainstream concept of poverty translates to a. sufficient hard currency but insufficient purchasing power. b. an al

most Calvinist self-betterment. c. unfulfilled material needs. d. an abundance of liquidity.
Business
1 answer:
nataly862011 [7]2 years ago
7 0

At base, the mainstream concept of poverty translates to c. unfulfilled material needs.

<h3>What is Poverty?</h3>

This refers to the financial state of not being able to afford the basic needs of a person.

Hence, at the base level, the mainstream concept of poverty translates to "not enough money in the pocket" which has to do with low or insufficient purchasing power and this leads to a list of c. unfulfilled material needs.

Read more about poverty here:
brainly.com/question/9640781

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We can withdraw an equivalent annuity of  $ 293.658 each year.

Explanation:

We build a scheduled table to know the future value of the gradient investment

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Then, we solve for the equivalent annuity-due:

PV \div \frac{1-(1+r)^{-time} }{rate}(1+rate) = C\\

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rate 0.06

2612.81 \div \frac{1-(1+0.06)^{-7} }{0.06}(1+0.06) = C\\

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Itis annuity due as we will going to retire cash in a 6 year period for  seven times. (at each year-end during 6 years thus, annuity-due

1st      2nd     3rd   4th    5th    6th   7th

/-------/-------/-------/-------/-------/-------/-------/

         1       2       3        4      5        6       7

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