Answer:
0.28 %
Explanation:
Property A:
Percentage change in prices= (New price – old price)/Old price
= (375000 – 350000)/350000
=.0714= 7.14%
Monthly percentage= 7.14/24= .2975%
Property B:
Percentage change in prices= (New price – old price)/Old price
= (340000 – 325000)/325000
= .0461= 4.61%
Monthly percentage= 4.61/18= .256%
As they have equal weightage= (.256 + .2975)/ 2
= .2767= .28%
1.A realistic situation in which can cause someone to use money from a financial reserve is to payoff a medical bill. Another situation would be if say, you had to pick up and move. You would need enough money to not only purchase your residence, but also movers, necessities, and they deposit.
2. The financial reserve should have enough money to last a at least 6 months. There should definitely be enough money to purchase food and necessities. Depending on how big your family is and how much you spend affects the duration of the amount of funds. Also what you choose to spend your money on is a big key factor.
3. I would rather have a compound interest when it comes to a savings account.An account with simple interest will take money from you, rather than save it. When it comes to putting money into an account that offers interest, you want to get the highest interest rate possible, so that your money grows as fast as possible. A compound interest will “compact” your money as much as possible, saving you more.
C). Investors sold more than 16 million shares of stock . . . about 4 times the average amount . . . on October 29, 1929 . . . marking the financial beginning of The Great Depression (USA)
Martha would like to open a small business that is categorized as a being in the distribution industry. to do this she could open a <u>retail, wholesale, transportation, or communications</u> establishment.
Common categories of small businesses include professional, scientific, and technical services; retailing; wholesaling; manufacturing; and hotels and restaurants.
A small business is an independently owned and operated organization that personnel fewer than 500 people and is not dominant in its area of operation.
Small businesses are both services or retail operations like grocery shops, medical shops, tradespeople, bakeries, and small manufacturing units.
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