Answer:
FV= $94,228.26
Explanation:
Giving the following information:
Present Value= $3,000
Interest rate= 9% compounded annually
Number of years= 63 - 23= 40 years
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 3,000*(1.09^40)
FV= $94,228.26
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Answer:
architectural drafter draw structural features and details for buildings and other construction projects while an architectural illustrator is an artist who created imagery for the design professional that accurately portray the details of an architectural project.
Answer: 2). Neither U.S. GDP nor U.S. GNP were affected.
Explanation: Gross Domestic Product (GDP) is the total monetary value of all the final goods and services produced in a country during its financial year.
Gross National Product (GNP) on the otherhand is broad measure of the value of all finished goods and services produced in a country in one year by its nationals.
Both GDP and GNP measure goods and services and not financial assets such as shares. Hence, financial assets do NOT contribute to the GDP or GNP of any nation.
Answer:
Pics Match is the only business sensitive affected by network effect
Explanation:
Moonglow Shoes: The sales are based on answers collected before the launch of the product, and the sales are based on the reputation of the Olympic medalist. The number of users does not change the value of Moonglow Shoes. Clover Technologies: Since the company is B2B (Business to Business), the increasing of final users does not increase the value of the products sold by Clover Technologies. Pics Match: The relevance of the business is based on how much users are enthusiastic about the social network and promote it to other users. The value proposition of Pics Match increases according to the number of users. Green Tools: The increase of users does not increase the subjacent value of products sold by Green Tools, even though the sales channel is internet
