I was going to say it's B, but I can also see A being the right answer.
Answer:
$897
Explanation:
Calculation to determine the value today
Using Financial calculator to determine the Present value (PV)
N = (12- 2) = 10 years
I = 14%
PMT =12%*1,000=120
FV = $1000
PV=?
Hence;
PV = $896.68
PV=$897 (Approximately)
Therefore the value today is $897
Answer:
$20,000
Explanation:
Gross domestic product is the sum of final goods and services produced in an economy within a given period which is usually a year.
GDP calculated using the expenditure approach = Consumption spending + Investment spending by businesses + Government Spending + Net Export
Only final goods are included in the calculation of GDP.
The tires and compact are intermediate goods and would not be included in GDP. If they are included it would be regarded as double counting
Answer:
The answer is $358,169.53
Explanation:
Present value(PV) is $200,000
Interest rate(r) is 6%
Number of years(N) is 10years
The formula for finding future value is
FV = PV(1+r)^n
=$200,000(1+0.06)^10
$200,000(1.06)^10
$200,000 x 1.790847697
= $358,165.53
Alternatively;
Lets use a financial calculator
N = 10; I/Y = 6; PV = -200,000; PMT=0; CPT FV= $358,169.53
NOTE: The difference in final value result is due to the rounding off of decimal point.