A market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses. There is little government intervention or central planning.
Answer:
$5,843 or $642
Step-by-step explanation:
At the end of 2 years, your savings will have grown to $5,842.
You will have earned in $642 in interest.
Answer:
44.159
Step-by-step explanation:
To find the future value of this investment the formula is
A=p (1+r/k)^kt
A future value?
P present value 1000
R interest rate 0.07
K compounded monthly 12
T time 2 years
A=1,000×(1+0.07÷12)^(12×2)
A=1,149.81
