Answer:
$521,444
Explanation:
PMT (Monthly deposit) = $458
i/r = 6.3% / year = 0.525% / month (Since the interest is compounded monthly, the interest should be calculated in monthly)
n = 31 years = 372 months. Since the first deposit will be made one month from now, n = 371 should be input into financial calculator.
PV (Present Value) = 0
FV = $521,444
Answer:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
Answer:
A CVS/pharmacy store is an example of a national business.
Explanation:
Answer:
Elastic
Explanation:
Description of a curve elastic.: The curve believed by the longitudinal axis of an initially normal elastic strip or bar bent to any structure of elements within its elastic limits.
- Elasticity relates to the level of sales or market sensitivity in response to price changes.
- If a curve becomes more elastic than small price shifts can cause large volume changes consumption.
- At the poles, horizontal will be a beautifully elastic curve, while vertical will be a completely inelastic curve.
Answer:
2. raises interest rates, causing aggregate demand to shift to the right.
Explanation:
Expansionary Fiscal Policies try to increase Aggregate demand by :-
- Decrease in taxes by government ; or / and
- Increase in government spending
The government injecting more money in public : by reduced taxes & increased govt spending - increases the aggregate demand .
The government finances this increased public spending with same or decreased taxes - through borrowings.
The government borrowing funds reduces the loanable funds in capital market, this loans' excess demand in capital markets increase their price i.e Interest.