The future value of the account after 35 years is $511,914. 48.
The payment Marnie is making is known as an ordinary annuity. An ordinary annuity is when a fixed payment is made at the end of a period at regular intervals for a period of time.
Future value = annual payments x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Annuity factor = [(1.056)^35 - 1] / 0.056 = 102.382897
Future value = $5000 x 102.382897 = $511,914. 48
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Explanation:
E-Business is taking a big space in the market. Now we can order anything from the comfort of our home. E-businesses work on strategic alliance among companies.
For example one company will come up with an idea of selling makeup and skincare products online. The other well established makeup brands will collaborate with the online merchant and all the products will be displayed. So there are more than one company working on a same platform.
If the central bank increases the amount of reserves banks are required to hold to 20%, then: both the money multiplier and supply of money in the economy will decrease.
<h3>What are the Functions of central bank?</h3>
The central bank oversees and manages the nation's foreign exchange while also serving as the technical advisor to the government on matters related to foreign currency policy. The central bank's role is to prevent volatility in foreign exchange rates and to promote stability. Implementing monetary policy and managing the money supply are the responsibilities of central banks, which are frequently tasked with preserving low inflation and steady GDP growth. To manage the cost of borrowing and lending across an economy, central banks have an impact on interest rates and take part in open market activities.
An organisation that controls a state's or formal monetary union's commercial banking system and regulates its currency and monetary policy is known as a central bank, reserve bank, or monetary authority. A central bank has the exclusive right to expand the monetary base, unlike a commercial bank.
Hence, If the central bank increases the amount of reserves banks are required to hold to 20%, then: both the money multiplier and supply of money in the economy will decrease.
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Answer:
True
Explanation:
Must have ... definition of competent: "Having the necessary ability, knowledge, or skill to do something successfully."
Meaning:
For an organization to be successful, it must have a person who is able to convey or exchange information, especially one who is eloquent or skilled, with the "necessary ability, knowledge, or skill to do something successfully."
So...:
You cannot be a successful organization without someone who is good at getting their point across.
(Pay attention to definitions and put the peices together) :D
Unexpectedly high inflation tends to hurt lenders the most. When lenders lend money, it is valuable , but the amount of money that must be returned to him/her is fixed. Over time, the value of the money keeps depreciating and finally when the borrower does return the money, the value decreases to a very small amount, which is not worth much. For example, let's say a borrower borrows money from a lender to buy a car. With time, the value of money depreciated so much that when the borrower finally returns the money, the same amount of money is not even worth buying a box a matches!
