Answer and Explanation:
Future value = Present value x (1+i)^n, where
n = number of years
I = interest rate
From the question n = 8 years for the amount $400 ,
n= 7years for $250 ,
n=4years for $300
interest = 3%= 0.03
Future value of $400 = 400 (1 + 0.03)^8 = $506.71
Future value of $ 250 = 250 (1+0.03)^7 = $307.47
Future value of $ 300 =300(1+0.03)^4 = $337.65
Answer:
The Supply Curve is upward-sloping and to the right because firms always seek to do what?
Maximize Profits
Explanation:
Every firms always seek to maximize profit, firms determines the price of goods to be sold and every firms ensures profit is maximized before any other things comes to play.
Answer:
To explain the answer is given as follows,
Explanation: