It would help keep the person organized
Answer: An investment that matures in five years
Explanation:
Both investments may be of equal risks, but by virtue of having different maturity dates, they will not be priced the same.
This is because the discount rate (opportunity cost) will discount the maturity value more the longer the investment is such that the present value is lower.
4 year investment
= 1,000 / (1.068)^4
= $768.63
5 year investment
= 1,000 / (1.068)^5
= $719.69
The 5 year investment will have a lower present value and will be charged lower.
Answer:
Routing number, account number and check number
Explanation:
There are three numbers present at the bottom of the check. On the left side or the first number is a nine digit number that is also called RTN, is routing number. This represents the code of the bank where the account was opened.
Second number in the middle is the account number which is a unique number. All transactions are carried out using this number.
The last number on the right side is the check number. It just represents the check number that one is writing to maintain records.
Here are the factors that determine preference for a concert ticket from the most important to the less important
- Band that is playing (if you really like the band, you will potentially ignore the other factors)
- Date of the concert (to make sure that you have no important matters to attend)
- Price of the ticket (to know whether you really can afford the ticket)
- Friends that are going
