3 years ago

Which is an example of an economic factor that affects the business environment

1 answer:

5 0

Here are a couple of things hope they help

1.) Interest rates
2.) Taxes Inflation
3.) Currency
4.) exchange rates
5.) Consumer discretionary income
6.) Savings rates
7.) Consumer confidence levels
8.) Unemployment rate
9.) Recession
10.) Depression

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Mama L [17]

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3 years ago

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3 years ago

Assume Sheryl Jenkins wants to accumulate $ 13,241.39 in two years. She currently has $ 10,621.36 to invest. What interest rate

WITCHER [35]

Answer: 11.65%

Explanation:

The $13,241.39 is a future value amount as it is what is to be accumulated in 2 years.

Future value formula therefore applies:

Future value = Current value * ( 1 + interest rate) ^ no. of years

13,241.39 = 10,621.36 * ( 1 + i) ²

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