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Studentka2010 [4]
2 years ago
14

In economics what does the term market referred to

Business
2 answers:
guapka [62]2 years ago
6 0

In economics, the term ''market'' refers to the functional association between the buyers and sellers of a good or service.

Taya2010 [7]2 years ago
4 0

I think it is the exchange of goods or services, which can be with or without money.

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Answer:

PV= $9,626.49

Explanation:

Giving the following information:

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First, we will determine the future value, using the following formulas:

FV= {A*[(1+i)^n-1]}/i

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FV= {1,500*[(1.09^10) - 1]} / 0.09

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Now, the present value:

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PV= 22,789.395/(1.09^10)

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