Answer:
3. fall if the price index rises.
Explanation:
- According to the nominal income, the inflation is a one of the major factors that decrease the amount of the goods and the services that would be afforded with a given amount of the nominal incomes thus if the person wants to keep this real income steady for the next year's nominal income may fall as the increase of the inflation in the economy. And can erode the nominal income gains.
Answer:
The correct answer would be option D, Scholarships
Explanation:
Scholarships are basically grants, given to students who cannot pay for their education expenses. Grants are the funds that are given to an entity by the Government or financial institution or any institution which the receiving party is not required to repay. Grants are usually given to the non profit organizations, Educational institutions, individuals or businesses to help them grow and meet their expenses better. So scholarships are the grants given to students by the college authorities to continue their education and meet their educational expenses and the students are not required to payback these student scholarships.
Answer:
It will take 4.2 years
Explanation:
The amount due in the future when a sum of money is invested at a particular interest rate for certain number of years is called Future or compound value.
To calculate the compound value, we use the formula below:
FV = PV * (1+r)^n
FV- future value, PV - Present value, r - interest rate, n - number of years
In this question,
FV - 15,000, PV- 5000, r -3%, n- ?
Substituting this value we have:
15,000 = 5000 × (1+0.03)^n
15000 = 5000 × 1.03^n
1.03^n = 15,000/5000
1.03^n = 3
log 1.03^n = Log 3
n = Log 3/log 1.03
n = 4.18735
It will take about 4.2 years for the account to reach $15,000
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If you're doing it for an assignment change the wording other wise hoping ti helps
Answer:
option. C. $50
Explanation:
Your loss is limited to $50 if you notify your financial institution within two business days after learning of the theft.
