Answer:
exact actual growth rate of your purchasing power was 4.8%
Explanation:
given data
nominal rate of interest = 10%
inflation rate = 5%
solution
we get here exact actual growth rate that is express as
exact actual growth rate =
..........................1
put here value and we will get
exact actual growth rate =
exact actual growth rate = 4.8 %
so here exact actual growth rate of your purchasing power was 4.8%
Answer:
is there an image that shows the amount of $
Explanation:
can't solve without knowing the amount sorry
Answer:
It is referred to as product differentiation.
Explanation:
Product differentiation is a strategic type of marketing in which a firm uses campaigns and promotions to highlight features that make its product unique as well as the benefits of using the product or service.
This kind of marketing differentiate the firm's product or services from those of competitors and makes consumer perceive such differentiated product or service as better than other similar competing products.
The summary .................. including trade, FOREIGN AID and the remittance............. Balance of payment is the record of all economic transactions between the residents of a country and the rest of the world in a particular period of time. A balance of payment allows a country to monitor its import and export rates.
Answer:
1. $38,435.37
2. $67,091.09
3. $126,985.63
4.$94,037.04
Explanation:
The formula for calculating future value :
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
1. $17,000 ( 1 + 0.06)^14 = $38,435.37
2. $26,000(1 + 0.09)^11 = $67,091.09
3. $38,000(1 + 0.09)^14 = $126,985.63
4. $59,000 (1+0.06)^8 = $94,037.04
I hope my answer helps you