Answer:
. sunk-cost bias.
Explanation:
Sunk cost is money that has already been expended and cannot be recovered.
According to the sunk cost bias, a person would continue with a particular course of action or project regardless of its outcome because of the unrecoverable amount (sunk cost) that has been spent on the project.
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Answer:
Diego's initial deposit is $11,111
Explanation:
Let A be the initial deposit Diego made
The amount he will get after two years with continuously compounded interest rate 8% is given by
V = A 
Where r is the annual interest rate and t is the number of years (2)
And the actual amount he receive is 13,000
So A =
= 13,000 / 1.17 = $11,111
Gross Domestic Product (GDP)
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