Hi there!
Katie is driven by money, or her financial needs.
Since she has no reason to work at her job if she doesn't like working there other than her salary, this means that she is driven by the amount of money she earns, not her passion or like.
Hope this helps!
When determine the value of an investment, you can hire someone or analyze the risk yourself. It is very important to make sure you analyze a risk before you invest because you need to make sure there is understanding of what could happen - good and bad. The greater the risk the greater the reward, however, making sure you can afford the risk if money is lost is necessary.
Answer:
$3,168
Explanation:
We will receive $4000 in future (after 4 years time) which means all we want to know is the amount that we Derek must deposit today.
This present value of the $4000 payment received after 4 years from today can be calculated using the following formula:
Present value = Future Value / (1 + r)^n
Here
Future Value is $4000
r is 6%
n is 4 years
So by putting values, we have:
Present value = $4000 / (1 + 6%)^4 Years
Present value = $3,168
<span>Business practices, such as pricing strategies can have a significant impact on budgeting practices. When businesses raise prices it leaves less money in the budget for other things.
Especially if they raises the price for the products that included as our primary needs, such as foods. People's spending for food usually do not change no matter how much the price fluctuates</span>
