A) because that is they only one that actually makes sense
The answer is: educational rite of passage.
At that time, the young adults that can be participated in the grand tour are only those who came from nobility background.
The tour follows the paths where a lot of famous artists' works were located. On top of rite of passage, the tour also aimed to teach the young adults to <em>understand proper techniques </em>in painting and cultures
Answer: 10%
Explanation:
You can use Excel to solve for this.
The investment will be in negative as shown below.
Input the increase in net annual cash flows 7 times to represent 7 years.
IRR = 9.9999%
= 10%
Answer:
An investment with more liquidity would be ideal for someone who knows they will nee cash in the near future.
Explanation:
More liquid assets are those that can be turn into cash more quickly than those that less liquid assets.
If one is thinking about investing in a liquid asset, surely is because it will need the cash in the short run. On the contrary, we could invest in other financial instruments less liquid (typically those who offer higher yields and have longer terms), because we are not going to need the money for the moment, and we want to take advantage of that to get a higher yields.
