I believe this answer is true.
Answer:
Investing all of your money into 1-2 funds so that you can focus on making money through compound interest.
Explanation:
Answer:
FV= $46,031.45
Explanation:
Giving the following information:
Monthly deposit= $450
Number of months= 59
Interest rate= 0.21/12= 0.0175
To calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {450*[(1.0175^59) - 1]} / 0.0175 + 450
FV= $46,031.45
Answer:
Experiencing declining production capacity because net investment is negative.
Explanation:
Monetary value of all goods and services produced in the country are known as Gross Domestic Products. The economy is said to be inclining if the value of GDP rises. The value of GDP is directly associated with increasing production.
