A theory of international trade is that nations trade based on demand rather than cost/supply. Discuss this theory, apply it to
at least two cases and mention its chief advocates. Is it supported by the empirical evidence?
1 answer:
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Answer:
Present value deposit today = 216,886 (Approx)
Explanation:
Given:
Number of year (n) = 16 years x 4 quarter = 64
Rate of interest (r) = 1.6% = 0.016 / 4 = 0.004
Future value = $280,000
Present value = ?
Computation of present value deposit today:
Present value deposit today = 216,886 (Approx)