Answer:
$6,519.98
Explanation:
According to the scenario, computation of the given data are as follows:
Present value = $4,000
Rate = 7%
Rate compounded monthly = 7% ÷ 12
Time period = 7 × 12 = 84
So, we can calculate the future value by using financial calculator.
The attachment is attached below:
FV = $6,519.98
Answer:
yes
Explanation:
The way the system works is tricky but the thing to realize is that people can always be deceitful and act different than they are.
Answer:
Select four new phones for app placement
Explanation:
"Select four new phones for app placement", will help Revi do an in depth product testing, which will give him a sense of direction on how to produce.
Answer:Economic rent-$320,000
Opportunity Cost-80,000
Explanation:
Economic rent is the extra amount or addition earned by a production resource here and in this context,Mr Kurt is the resource.In this scenario,the extra amount he earned as a professional golfer having quit engineering for it and thus had a step-up(addition) of $320,000.
While the opportunity cost which known as the alternative forgone in order in favour of another alternative in a decision process here is $80,000.In this case,he had to forego engineering job($80,000) and therefore concentrate on professional golfing which paid him more(400,000) not omitting the fact that he could have engaged in the two jobs at same time.
