Answer:
The answer is 48.37
Explanation:
Future value (FV) = $220,000
Present value(PV) = $33,000
Interest rate(i) = 4 percent.
Number of years(N)= ?
Using the Texas BA II Plus financial calculator:
FV = 220,000; PV = - 33,000; I/Y= 4;
CPT N= 48.37
Therefore, the number of years is 48.37 years. It will take him 48.37 years to invest $33,000 today at a 4 percent rate in order to buy the car at a cost of $220,000
Answer:
True
Explanation:
Industrial Revolution can be regarded as transition from old to the new manufacturing processes which begins from some part of the world such as
Europe and United States, within some period from of 1760 and it's improving up till date. Some of the causes of Industrial Revolution are development of trade as well as the rise in business activities. It should be noted Industrial Revolution brings about the use of production processes dependent on new machines and interchangeable parts.
Investment bankers perform all of the following functions except manage mutual funds.
<h3>Who is an investment banker?</h3>
Investment bankers underwrite securities on a firm commitment (principal) basis; and on a best efforts (agency) basis.
Investment banks also advise companies on mergers, acquisitions, divestitures and spin-offs.
Hence, Investment bankers perform all of the following functions except manage mutual funds.
Learn more about investment banker here : brainly.com/question/12301548
#SPJ1
Answer: Option D
Explanation: Network externalities are indeed an economic principle that defines the conditions in which a product or service's value increases or decreases as the number of customers increases or declines.
As the availability of an item raises the price of the product falls it becomes less valuable, according to the traditional economic theory. This is termed "positive externalities of the network" or "network influence."
Thus, somehow it creates barriers for other firms by prepairng a strong customer base for an experienced firm.
If the federal reserve increases the interest rate on bank deposits at the fed, banks will want to hold <span>more reserves, so the reserve ratio will rise.</span>