Answer:
Results are below.
Explanation:
Giving the following information:
Present value(PV)= $7,000
Number of periods (n)= 4 years
Interest rate (i)= 8% annually
<u>To calculate the future value of the investment, we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 7,000*(1.08^4)
FV= $9,523.42
<u>Now, the interest earned:</u>
Interest earned= FV - PV
Interest earned= 9,523.42 - 7,000
Interest earned= $2,523.42
The answer is B if that is the correct one
Answer:
$98 million
Explanation:
Kneeman markup company has a total debt obligation with a book value of $30 million
The market value is $28 million
The total equity has a book value of $20 million and a market value of $70
Therefore, the price that you should be willing today can be calculated as follows
Debt obligation market value+total equity market value
= $28 million + $70 million
= $98 million
Hence the amount that you should be willing to pay today is $98 million
Answer:
The correct answer is - No, rapid and sustained economic growth is a modern phenomenon.
Explanation:
Economic growth is the increase in the income or value of final goods and services produced by an economy (usually from a country or region) in a given period (usually in a year).
Broadly speaking, economic growth refers to the increase of certain indicators, such as the production of goods and services, increased energy consumption, savings, investment, a favorable trade balance, increased calorie consumption per capita, etc. . The improvement of these indicators should theoretically lead to a rise in the living standards of the population.