Answer:
Larry won't have enough money to buy the car. FV= $16,923
Explanation:
Giving the following information:
The car will cost $20,000 at the end of the fifth year and Larry's Christmas bonus is $3,000 a year.
Interest rate= 10%
To calculate the future value at the end of tje fifth year we need to use the following formula. The last deposit is made at the end of the fifth year.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,000*[(1.10^4)-1]}/0.10 + 3,000= $16,923
Larry won't have enough money to buy the car.
Answer:
Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.
Answer:
a. Conduct regular development programs for employees
Explanation:
Answer:
increase
Explanation:
it will give you more time to react if there is a problem, if you break it is more likely your car will slide if the weather is bad, so if the following distance is increased you can break and not rear end someone. and if traffic is bad and someone makes a sudden stop you could hit them, so keeping distance between you and the person infront of you is safer
