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Llana [10]
3 years ago
7

If you wish to have $60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate o

f 9%
Business
1 answer:
liberstina [14]3 years ago
5 0

Answer:

PV= $30,111.98

Explanation:

Giving the following information:

Future value= $60,000

Number of periods= 8

Interest rate= 9%

<u>To calculate the initial investment, we need to use the following formula:</u>

FV= PV*(1+i)^n

<u>Isolating PV:</u>

PV= FV/(1+i)^n

PV= 60,000 / 1.09^8

PV= 30,111.98

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Answer:

d. people face trade-offs.

Explanation:

The production possibility frontier shows all the combinations of two goods an economy can produce when all its resocurces are fully employed.

At one extreme of the curve, the highest possible amount of one good is produced while zero quantity of the second good is produced . To produce more quantity of the second good, one has to produce less quantity of the first good. This illustrates trade off.

I hope my answer helps you

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Vijay Inc. purchased a three-acre tract of land for a building site for $350,000. On the land was a building with an appraised v
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2 years ago
The price (P) of designer jeans is affected by the supply (S) and the demand (D).
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Answer:

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