Answer:
The value of the investment at the time of his first deposit is $1,000.
At the end of the first year, the investment will be worth $1,070.
Explanation:
The value of a deposit investment is determined by the interest rate and time. Time affects the value of an investment by this small-scale businessman in many ways. The passage of time increases the value of his investment. However, the total increase may not be due to the interest rate, but inflation also affects asset's value. For this businessman to make a gain in the investment, the interest rate must be higher than the inflation rate. Otherwise, the investment loses money due to the effects of inflation, which reduces the real value of an asset over time.
Increase the price to make more money to be able to afford oil.
Formula: FV = PV(1+ r)^n
Fv is the future value, Pv is the present value, r is the interest rate, n is the number of periods.
FV = $100(1 + 0.06)^(6*2) = $201.22
Answer:
The advantage of recording daily guest counts is that the information is more accurate, and it can help help Raktida to better forecast the number of guests during the current year. It's all about the quality of the information and not just the total data available. Total numbers would have been the same, but the use that could be given to them would be limited. The same applies if instead of weekly guests, the information was for monthly guests. Weekly numbers would be more useful than monthly numbers.
Having daily numbers allows Raktida to forecast a much more accurate serving schedule.
<h2>Answer</h2>
Shifts outwards
<h3>Explanation</h3>
An outward shift in the economy's production possibilities curve reflects that a capital formation has been achieved or the economy has benefited from technological advancement. This results in increased resources available within the economy and hence positively impact the supply curve of the company allowing the aggregate supply to either elongate or shift outward, later of the option has higher probability to occur.