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Aliun [14]
3 years ago
5

An individual's demand curve for a good can be derived by measuring the quantities selected as

Business
1 answer:
Montano1993 [528]3 years ago
6 0

Answer:

The price of the good changes.

Explanation:

An individual's demand curve for a good can be derived by measuring the quantities selected as the price of the good changes.

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Explanation:

To find the final capital, we use the compound interest formula:

Final Capital (FC)= Initial Capital (IC)*[(1+interest(i))]^(number of periods(n))

The problem is givining this information:

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Before we apply the formula, we have to notice that there is and inconsistency. The interest rate is compounded monthly but n is in years. So, we must change <em>i</em> or <em>n. </em>We will change the interest.

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Effective Annual rate= [(1+periodic interest)^(n)] -1

Effective Annual rate= [(1+5%)^(12)]-1= 79,59%

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4 years ago
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