Answer:
14 years
Explanation:
The future value of an investment is given by the following equation:
If your mother is investing an amount of P=$340,461 at a rate r=0.08 and the desired future value is F=$1,000,000, the required time of investment 'n', in years, is:
It will take her 14 years to become a millionaire.
Answer:
a. define your wants and needs is the correct answer.
Explanation:
Answer:
The correct answer is option a.
Explanation:
The purchasing power parity theory states that the exchange rate between the currency of the two countries is determined through the relative value of a basket of goods.
The exchange rate will be in equilibrium when the purchasing power in both the countries will be the same, or the price of the basket of goods is the same in both the countries.
The price of soccer balls in the US is $30.
The price of soccer balls in Mexico is $450 pesos.
The exchange rate should be
= 
= 15
This means that each dollar is equal to 15 pesos.
<span>Let's think about you want to build your home. You know 3 constructors who can build your home as you want to. But the price rate vary to each constructors. so made a tender and call these 3 constructors to join. At last they present their rate to build your building. Here is the question that who would you choose? You must choose that constructor who present the least rate for that tender. And you select the ONE. so you take a competition on three of them. that's why market need adequate competition. So you done it by lower price.
It is a important terms that highly executed in business world. Think you want to buy something from another company but you don't know about that product. It means you are ignoring the fact that your money is under a good deal or bad. you have no interest about your money. but you are doing business for the money. so that you need that adequate information for that product. nothing else...</span>
Answer:
EXPLICIT COST
The wholesale cost for the guitars that Dmitri pays the manufacturer
The wages and utility bills that Dmitri pays
IMPLICIT COST
The rental income Dmitri could receive if he chose to rent out his showroom
The salary Dmitri could earn if he worked as a financial advisor
Explanation:
Explicit cost: those which are actually incurred this means it represent accrued expenses or actual cash outlay.
Implicit cost: refers to the opportunity cost of a factor wasted opprtunity for weing deploy in the current project. These do not represent actual expenses but potential use of the factors
