Answer: Area preference.
Explanation:
According to the question although the initial value of both Allen and Lewis property were similar, the siting of Lewis' condo makes it more valuable than Allen's, because it is closer to the city center. Therefore the economic characteristic at play in the question is that of area of preference, that's what separate the value of both properties.
I think you will acccess the money when ur 18 years old
A Forward transaction in the foreign exchange market requires delivery of foreign exchange at some future date.
A forward contract, or simply a forward, is a sort of derivative instrument in finance. It is a non-standard contract between two parties to buy or sell an asset at a specific future time at a price agreed upon at the time of the contract's conclusion.
A forward transaction is when two people or other entities bind themselves to carry out a trade in the future rather than right now. Futures deals differ from spot trading due to the timing of the transactions.
Learn more about Forward transaction here
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Answer:
A tax refund is essentially a payment to the taxpayer when the taxpayer pays more tax than they owe.
Explanation:
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Answer:
4 years
Explanation:
We can calculate the years (compounding periods that) will pass before you receive the payment by calculating the PV factor at 12% as follows.
DATA
Amount borrowed = $635.52
future amount = $1,000
Interest rate = 12%
Time period (n) = ?
Solution
Amount borrowed = future amount x Present value factor (12%, n)
$635.52 = $1,000 x PV factor(12%, n)
0.63552 = PV factor(12%, n)
If you see in a discount table yu wi see 0.63552 in the fourth row of 12% rate that means it will take 4 years to receive the payment.
