Based on the fact that Damien invested $5,000 and left it in an account that earns 6% for 4 years, the investment worth would be b. $6,312.38.
<h3>What would be the value of the investment?</h3>
The value of the investment in 4 years is considered to be its future value when looking at it from the present.
Using the rate being earned, the investment amount, and the number of years the investment will be invested, the future value formula is:
Future value = Investment x ( 1 + rate)^ number of years
Solving gives:
= 5,000 x ( 1 + 0.06) ⁴
= 5,000 x 1.06⁴
= 5,000 x 1.26247696
= $6,312.3848
= $6,312.38
In conclusion, the value of Damien's investment after a period of four years at 6% per year comes to $6,312.38.
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The answer is the Status symbol.
A status symbol is typically an object meant to symbolize the high social and financial position of its owner.
Status symbols frequently vary as a culture and its ideals evolve.
Different status symbols may also be dictated by one's line of work, and some uniform designs may be interpreted as status symbols.
Status symbols in capitalist society are frequently connected to material prosperity. Status symbols might alter depending on where they are used.
For instance, a physical scar may signify honor or bravery in cultures where warriors are revered, becoming a status symbol.
Hence, in the given scenario where the size and cut of a diamond allow people looking at a ring to roughly estimate its cost and make a judgment about the wearer's economic status. A diamond is a status symbol.
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Answer: While not usual they can be held responsible for all business debts.
Explanation: If you pledge a asset as a collateral a creditor may be able to take said asset and sell it.
It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.
<h3>What do you mean by
information age?</h3>
The concept of the "Information Age" holds that having access to and control over information characterizes the current phase of human civilization. This is the Information Age. The world as we know it today is a product of all the eras from the Stone Age to the Industrial Revolution.
Hence, It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.
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"Your question is incomplete, probably the complete question/missing part is:"
TRUE OR FALSE: the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.
Answer:
a decrease in market output and an increase in the price of the product.
Explanation:
