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fomenos
2 years ago
7

In one nation, life expectancy is in the high 50s. Few citizens have access to modern technology, and the average yearly income

is about $2,000. This country is a(n) _____-world nation.
emerging
undeveloped
secondary
developing
Business
1 answer:
NARA [144]2 years ago
8 0

Answer:

Developing

Explanation:

A developing country is one where,

  • Per capita income is lower which means individuals earn money for basic survival. There are no means of investment and savings.
  • Life expectancy is higher due to absence of modern medical facilities in all areas.
  • Technology is still reaching people in rural areas. Not everybody has access to modern technology.
  • High rates of population and unemployment.

Here, the country has all features of a developing world nation.

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If $5000 is invested at an interest rate of 4% each year, what is the value of the investment in 5 years? write an exponential f
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The compound interest amount after 5 years be $6,083.26.

<h3>What is compound interest?</h3>

Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.

Compound interest is when you receive interest on both your interest income and your savings.

If this value was compounded in 5 years, then we are going to utilize the compound interest formula to solve it.

A = p(1+r)^n

Where A be the amount accumulated for the entire period. 

p be the Money invested

r be the Interest rate per year

n be the period the money was invested. 

A = 5000(1+4/100)^5

The exponential function is

A=5000*1.04^5

= 5000 * 1.216652902

= 6,083.264512

The amount after 5 years be $6,083.26

The compound interest amount after 5 years be $6,083.26.

To learn more about compound interest refer to:

brainly.com/question/24274034

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Answer:

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Advertising increases levels of consumer purchase of specific brands which in turn affects gross domestic product. T/F
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Answer:

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