Answer:
6.22%
Explanation:
Price of sandwich four years ago, Present value = $5.49
Price of sandwich, Future value = $6.99
It is given that the inflation has been assumed to be constant over these four years.
Inflation rate refers to the rate at which prices of the good increases from the previous level. In a simple language, if there is a rise in the price of the goods then this economy is experiencing a inflation.
Inflation rate:
= 1.0622487 - 1
= 0.0622487 or 6.22%
Therefore, the inflation rate is 6.22%
Liability insurance covers damage to the insured vehicle that occurs as a result of anything other than collision. This can be as a result of Mother Nature, fire or vandalism. Most insurance policies include hitting a deer<span> under the comprehensive insurance rather than collision. This can cause confusion.</span><span>
Collision insurance covers damage that occurs as a result of a collision with another vehicle or object. This coverage applies regardless of who is at fault in the accident. Collision coverage will handle damage from hitting a post, tree, curb or other various objects.
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Below are the choices that can be found elsewhere:
a) Gambling
b) Reliance on fixed income
c) Poor investments
<span> d) Cost of living
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The answer is B which is Reliance on fixed income
Because sometimes the check written after the statement closing dates.
Lets say a company do a closing statement on December 26.
A check written between that date until the end of period ( December 26 - December 31), that transaction simply won't appear on the book because the company already closed the statement on December 26
