Answer:
You have to deposit 13584.54 dollars in 8 years in order to have 57411 dollars on your account in 19 years.
Explanation:
In order to asses the present value of furture cash flow, we need to look at the formula for present value:
PV is Present Value, FV is future value, r is the interest rate, n is the number of years.
When we apply the numbers of the question, FV is 57411, r is 0.14 and n is 11 because we will put our deposit in 8 years and 19 - 8 is 11.
When we insert the numbers into the equation we get 13584.54
I hope this makes the answer clearer! :D
The effective problem statement explains the specific context of the problem and the best way to resolve the problem.
The effective problem statement is a section in a business report that spot a problem & addresses the problem and explains clearly why it is important to address such problem.
Therefore, the Option B and D is correct because the effective problem statement explains the specific context of the problem and the best way to resolve the problem.
Learn more about this here
<em>brainly.com/question/4566678</em>
Answer:
REAL GDP
Explanation:
GDP typically used as a variable to measure a nation's economic strength within a certain time period. But often time, the value of GDP is a little bit jaded. If the inflation is high, an increase in GDP doesn't really mean that the country become more productive.
This is why there are many experts prefers to use REAL GDP as a more accurate unit to measure the economic strength.