Answer:
Lynn will receive $63,754 at the end of 8 years.
Explanation:
Future value is the sum of value of principal invested and compounded return received over the investment period.
Using following formula of future value to calculate the required interest rate.
FV = PV x ( 1 + r )^n
PV = Present value = $40,000
n = number of years = 8 years
r = Interest rate = 6%
FV = Future value = ?
FV = $40,000 x ( 1 + 6% )^8 = $63,754
The link between Money Supply and Inflation. ... Increasing the money supply faster than the growth in real output will cause inflation. The reason is that there is more money chasing the same number of goods. Therefore, the increase in monetary demand causes firms to put up prices.
Answer:
Planning
Explanation:
Planning involves thinking ahead of time and making necessary preparations. As a management function, planning entails setting an organization's objectives and determining the path to follow to achieve them. Planning involves making logical preparations for moving an organization from where it is to where it wants to be.
Mr. Brown is planning how to establish his business. He is thinking of the measures he needs to put in place before the actual opening. Mr. Brown wants to have his financing and employee information sorted out well ahead of time.
