Answer:
The correct answer is B.
Explanation:
Giving the following information:
Cash flow= $500
Number of months= 50
Monthly interest rate= 0.07/12= 0.00583
First, we need to calculate the future value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= cash flow
FV= {500*[(1.00583^50) - 1]} / 0.00583
FV= $28,928.06
Now, the present value:
PV= FV/(1+i)^n
PV= 28,928.06/(1.00583^50)
PV= $21,631.67
Answer:
Production opportunities, time preferences for consumption, risk, inflation. Explanation: The cost of money is the interest rate that lenders charge borrowers, and is determined by the supply and demand of funds.
I think it's called the Holland code.
The answer is C because smidgen means a small amount, and if she was not hungry then she would have only had a little bit.
