Answer:
rate = 6.54%
Explanation:
we need to find the rate at which a capital of 300,000 becomes 1,000,000 in a period of time of 19 years.
<u>So we build the following equation:</u>
![r=\sqrt[19]{1,000,000 \div 300,000}-1](https://tex.z-dn.net/?f=r%3D%5Csqrt%5B19%5D%7B1%2C000%2C000%20%5Cdiv%20300%2C000%7D-1)
rate = 0.065417765 = 6.54% after rounding
This will be the rate my parent will require to generate 1,000,000 in 19 years with their current savings of 300,000.
Economic cartoons is your answer
Answer: Fill or kill order
Explanation:
A fill or kill order is used when an individual or firm wants to either buy or sell a stock and in such cases, the order must be done as quickly as possible in its entirety.
If the order isn't done immediately at the price that has been specified or a price that's more than the specified price, such order is cancelled. Also, for a fill or kill order, partial execution isn't applicable.
The government helped the economy by preventing monopolies that way small independent buissness could survive.
