Answer: 0.6%
Explanation:
The expected return is a weighted average of the returns of the assets invested in.
70% is invested in cash which earns 0%
30% is in a savings account earning 2%
Expected return = (70% * 0%) + (30% * 2%)
= 0% + 0.6%
= 0.6%
Controls The nations Money supply
Answer:
Explanation:
Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
The theory of comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production.
Comparative advantage suggests that countries will engage in trade with one another, exporting the goods that they have a relative advantage in.
Absolute advantage refers to the uncontested superiority of a country to produce a particular good better.
Hope this helped!!
Answer:
X=97.24
Explanation:
PV = Present Value = X+2000 by the 16th years
PMT = Payments = $100
FV = Future Value = 2000 at the end of 16 years
n= number of years
Applying the equation of future value for annuity
FV = pmt* ((1+r)ⁿ - 1
)/r
Inputting the values;
2000=100*((1+r)¹⁶-1)/r
Solving for r, gives r = 2.9%
Therefore using the formula for PV for annuity;
PV=PMT*(1-(1/1+r)/r)
X=100*(1-(1/1.029)/0.029
X=100*((1-0.9718)/0.029)
X=100*(0.0282/0.029)
X=97.24
Answer:
Explanation:
Credit unions offer higher savings rates and lower interest rates on loans. This means that their members are better served and might be able to save a significant amount on car loans, student loans, and mortgages.