A water pill at first glance could be a pill with water in it; but, it is understood to be a diuretic that causes a person to lose water from his body.<span>
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Economic growth is growth in a countries GDP, in general, but it should be noted that there are many other factors that can influence growth of a nation.
Answer:
The correct answer is $21,522.04.
Explanation:
According to the scenario, the given data are as follows:
Present value = $10,000
Rate of interest = 11%
Rate of interest (r) ( compounded monthly) = 11% ÷ 12 = 0.00916
time period = 7 years
Time period ( compounded monthly) (t) = 7 × 12 = 84
So, we can calculate the future value by using following method:
FV = PV × ( 1 + r)^t
By putting the value, we get,
FV = $10,000 × ( 1 + 0.00916)^84
FV = $21,522.04
<span>The answer to the above question is discount rate. Discount rate is the rate used to discount the future cash flow of a bond. In addition to determining the discount of future cash flows of bonds it is also the interest rate the Federal Reserve uses on loans given to banks through the discount window loan process.</span>
The product that is an example of a consumer good is shop gallon of milk to use in a bowl of cereal. Consumer goods are mostly consumed immediately.
<h3>What are consumer goods?</h3>
Consumer goods are products or goods that are bought for consumption. Consumer goods are mostly finished products from a factory such as buscuit, cereals, milk, bread that can be sell on retail to the consumer.
The products are ate and mostly bought for personal use from a supermarket, store or exhibition.
Most of the consumer products can be consumed without any further processing.
Areas with high rate of consuming consumer products will have economic growth this is because the increase in it's demand help to improve economy.
Therefore, The product is an example of a consumer good is shop gallon of milk to use in a bowl of cereal.
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