Answer:
FV= $6,124.46
Explanation:
Giving the following information:
You plan to save $1,400 for the next four years, beginning now, to pay for a vacation. If you can invest it at 6 percent annually,
Annual deposit= $1,400
Number of periods= 4 years
Interest rate= 6%
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,400*[(1.06^4) - 1]} / 0.06
FV= $6,124.46
Answer:
Excess supply as well as excess demand in market A
Explanation:
Equilibrium price is the price of the market, where the quantity of the goods supplied will be equal to the quantity of the goods demanded by the customers. The equilibrium price is determined by the intersect of the demand and the supply curve.
When the equilibrium price is $24, but the current price is $21, so, at this price, there would be supply and the demand in excess for the customers of the goods exist in the market A.
Answer:
The process of joint decision making in which employees share a high degree of decision-making power with their superiors is called Participative Management
To destory monopolies that were using their power to harm society.
Answer:
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded