Answer:
His annual rate of return on this sculpture is -4.46%.
Explanation:
let PV be the amount invested and after t periods it turns to be FV
FV = PV(1+r)^t
(1+r)^t = FV/PV
1 + r = (FV/PV)^(1/t)
r = (FV/PV)^(1/t) - 1
t is the number of years from 1999 to 2003, t = 2003 - 1999 = 4 years
FV = $10,311,500
PV = $12,377,500
r = ($10,311,500/$12,377,500)^(1/4) - 1
r = -0.0446
therefore, His annual rate of return on this sculpture is -4.46%.
Financial loss. Say you don’t have insurance and your house burns down. You have no insurance to fix the damage.
Answer = The producer price index
Answer:
B.
Explanation:
<em>It is When countries and other nations distrubute Goods or sales.</em>
for example if you wanted to buy a car but had bad credit most of the time you wouldn't be able to apply for a car loan from a bank. To get better your credit you could spend small amounts on a credit card then pay ahead of time or on time when you pay your bill for the credit card. Like buying packs of gum and small things then paying them off will make your credit grow more.
