According to psychologists, compared with men, women are better at detection people's true emotions and they show more empathy.
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<span>Intense competition!!!I hope this helped!!</span>
The main difference between them is that real GDP is adjusted for price changes that caused by either inflation (which will increase price of products) or Deflatio (which will lower price of products).
<span>Nominal GDP on the other hand, is calculated at current market value without considering both inflation and deflation. </span>
Answer:
Initial investment= $23,838.78
Explanation:
Giving the following information:
Future Value (FV)= $125,000
Number of periods (n)= 5
Interest rate (i)= 5%
<u>First, we need to calculate the future value of the three deposits using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {30,000*[(1.05^3) - 1]} / 0.05
FV= $94,575
Difference= 125,000 - 94,575= $30,425
<u>Now, the initial investment today:</u>
FV= PV*(1 + i)^n
Isolating PV:
PV= FV / (1 + i)^n
PV= 30,425 / (1.05^5)
PV= $23,838.78
