Answer:
$10,883
Explanation:
n = 31 years
Future value (FV) = 1,980,000 (The amount you need in 31 years for retirement)
i/r = 10% (given)
Present value (PV) = 0 (You have just started your job and have not reserved any amounts for retirement)
PMT (Monthly deposit needed) = ?
By using financial calculator, PMT = $10,883
Answer:
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Explanation:
Answer:
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Answer:
B - the relationship between the demand for one good and the price of another.
Explanation:
The cross elasticity of demand measures the degree of responsiveness of quantity demanded of one good to changes price of another good.
The cross elasticity of demand of subsistuite goods are positive.
The cross price elasticity of substitute goods are negative.