Answer:
5.84%
Explanation:
We use the RATE function that is shown in the excel. Kindly find the attachment below:
The NPER shows the time period.
Given that,
Present value = $45
Future value or Face value = $47
PMT = $2
NPER = 3
The formula is shown below:
= Rate(NPER,PMT,-PV,FV,type)
So, the annual compound rate of return is 5.84%
Uninsured motorists. Make sure you have it.
Answer:
B) Millcorp has a lawful innocent acquisition of a monopoly.
Answer:
An increase in your income causes you to buy more hamburgers.
Explanation:
An increase in your income causes you to buy more hamburgers.
Option "A" is correct because the increase in income exhibits an increase in purchasing power. Moreover, there is a positive relationship between the income the demand for normal goods which means if the income rises, then the demand rises. If the income falls, then demand for goods also falls. Therefore, option "a" is right.
