Answer:
Present value is $2918.88
Explanation:
Given Data:
Amount won=$2,040,000
Number of years=76 years
Interest rate=i=9%=0.09
Required:
Present value=?
Solution:
Formula
Where:
FV is the future value=$2,040,000
PV is the present value
i is the interest rate=0.09
n is the number of years=76
Present value is $2918.88
Answer:
exports of their country
Explanation:
From the question we are informed about Thomas who Is a financial advisor to a committee seeking to revive the value of the national currency, which has grown weak. He has to suggest a
point on which the nation should focus in order to strengthen Its currency. In this case the trade element should Thomas suggest as a focus is that
the nation focus on exports of their country. Whenever a country increases her export, there will be rise in demand for local currency and this will strengthen the local currency power.
Answer:
Inelastic
Explanation:
The inelastic demand means the demand of the product does not vary when there is much change in the price. Let us assume that if the price is increased by 20% so the demand decreased only by 1% so here we can said there is inelastic demand
Also due to increased in the supply, the demand does not increased that much. So if the price is decreased so the demand does not respond due to which the total revenue comes down
So as per the given situation, having the large quantity caught the revenue is decreased so here the demand should be considered inelastic
To look into there eyes and show as tho you are paying attention ? This could be wrong I’m sorry.
