Answer:
$47,100
Explanation:
The amount to be invested is not more than 30 % of $157,000
=30% x $157,000
=30/100 x $157,000
=0.3 x $157,000
=$47,100
Time value of money <span>it's best to have money today, so it can be put to work sooner to make even more money. When you have money now, you can invest and start building </span>interest on it. The quicker you have money, the quicker you start to grow your money and the sooner it can double, triple etc.
Answer:
The correct answer is D
Explanation:
In the open economy, there is a regime of flexible exchange which means that the monetary policy will be more effective than the fiscal policy as the aggregate demand (AD) is boosted by the depreciation in the exchange rate which result in decrease in the interest rate.
So, the monetary policy has stronger effect on AD in the open economy and the fiscal policy has weaker impact on AD in closed economy.
Answer:
Quality is important because if the quality of a multiple ton metal machine speeding down the highway is poor, it could lead to lawsuits as well as recalls and hospital bills. The higher quality a product is, the more money you tend to make off of it. Toyota's ceo knows that there are families that use their vehicles for every day life. To have a good quality is to make sure little Jimmy gets to school on time every day.
Answer:
FV= $1,607,145.61
Explanation:
Giving the following information:
Annual deposit= $5,200
Growth rate= 4%
Interest rate= 5%
Number of years= 39 years
First, we will include the growing rate in the interest rate:
Interest rate= 0.05 + 0.04= 0.09
Now, we can calculate the final value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,200*[(1.09^39)-1]/0.09]
FV= $1,607,145.61