Answer:
time require is 2.3 years
Explanation:
given data
currently costs = $28,000
inflation rate = 6%
effective annual return = 10%
future value = $40,000
solution
first we get here interest rate that is
interest rate = annual return investment + inflation rate + ( annual return × inflation rate ) .......................1
put here value and we get
interest rate = 0.10 + 0.06 + ( 0.10 × 0.06 )
interest rate = 0.166
and now we get here present value that is express as
future value = present value × 
.....................1
put here value and we get
present value = 
28000 =
0.7 = 
take log both side we get
log( 0.7) = -t log (1.166)
solve it we get
t = 2.3 year
so time require is 2.3 years
Answer: Economic perspective is when an issue is considered been affected by the economy or the economy affecting the issue when making a decision. This decisions making are described as follows;
Scarcity; Available resources can only be used for only one purpose at a time, that means choice has to be made. Because I choice must be made, decision making has to be considered. Scarcity and choice goes together.
Opportunity cost; The cost of any activity,goods or services is the absolute value of what must be given up to obtain it. That means a decision for the value to be given up as cost, to get a goods, services or activity should be weighed.
Utility; this is the satisfaction derived from the consumption of a goods or services. Before a satisfaction can be achieved, a value must be given up to achieve such satisfaction, a decision of the value to be given up compared to the satisfaction should be weighed
Marginal analysis; any option considered in decision making weigh the marginal benefit against the marginal cost, where marginal means extra, additional, or a change in. Therefore the marginal cost of an action should not exceed it's marginal benefits. Whether the decision is personal or one made by business organization or government, the principle is always the same.
Purposeful behaviour; people always weigh costs and benefits in a way to maximize satisfaction with their decision. They should be a rational self-interest, which will lead to achieving maximum utility in decision making.
Answer:
Step 1: Put-and-take Account
Step 2: Beginning to invest
Step3: systematic investing
Step 4: investing
Step 5: speculative investing
Answer: First-Mover Advantage
Explanation:
The FIRST MOVER is a SERVICE, PRODUCT or COMPANY that gains a COMPETITIVE ADVANTAGE by getting to a market first.
Advantages of this include being able to establish Strong Brand and Customer Loyalty before competitors come into the market and the opportunity of extra time to perfect marketing and production strategies to fully capitalise on market share.
First movers are usually followed by competitors immediately but more often than not, the first mover has established such a strong market share and a solid enough customer base that it maintains the majority of the market.
Answer:
The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization.
Explanation:
