The best thing that you should do in this scenario would be :
- Gather as much as information as you can regarding the issue (maybe by asking input from your associates)
- analyze the issue completely thoroughly
- Believe in yourself and create the best decision based on your analytic
hope this helps
It's a financial market where people can buy or sell long-term debt or equity-backed securities
The example of capital markets are : New York stock Exchange, American stock exchange, London stock exchange, NASDAQ, Etc
Answer:
Amount after 15 years = 183255.011
Explanation:
Below is the calculation to find the amount after 15 years:
Annuity amount or early deposited amount = $5200
Time period = 15 years
Interest rate = 11.3 %
Now we have to find the amount after 15 years:
Amount after 15 years = Annuity [((1 + r)^n - 1) / r ]
Amount after 15 years = 5200 [((1 + 11.3)^15 - 1) / 11.3% ]
Amount after 15 years = 183255.011
