Answer:
Monthly deposit= $1,036.116
Explanation:
Giving the following information:
Future Value (FV)= $900,000
Number of periods= 28*12= 336 months
Interest rate (i)= 6% = 0.06/12= 0.005
<u>To calculate the monthly deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= {900,000*0.005) / [(1.005^336) - 1]
A= $1,036.116
Explanation:
Typically, there are two main types of FDI: horizontal and vertical FDI. Horizontal: a business expands its domestic operations to a foreign country. In this case, the business conducts the same activities but in a foreign country. For example, McDonald's opening restaurants in Japan would be considered horizontal FDI.
Honor classes are harder and require a B average. Regular classes are easier even though the same material is included in both.
<h2>Grants are typically needs-based while scholarships are typically merit-based.
</h2>
Explanation:
Option 1:
This is invalid because grands are usually need based and scholarships are usually merit-based.
Option 2:
This is the right answer.
Grants are often given considering the family background in terms of financial situation.
Merit-based are often based on GPA that the student secure
Option 3:
This stands invalid because you need not write any essay.
Option 4:
This is also invalid because both Federal and state governments offer both Grants and merit-based scholarships.
