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Anvisha [2.4K]
2 years ago
6

Sarah got a big raise at her job, so she bought herself a new truck. She knew it was a splurge, but she figured with her extra m

oney coming in, it would be manageable. Unfortunately, her company had to cut her job the very next month, leaving Sarah with a new truck and no extra money to pay for it. What does this scenario BEST represent? income risk interest rate risk personal risk inflation risk
Business
2 answers:
erica [24]2 years ago
8 0

Answer:

Income Risk

Explanation:

income risk

she thought she had lots of income, so she took a risk

Hope this helps plz hit the crown :D

Sindrei [870]2 years ago
5 0

Answer:

income risk

Explanation:

income risk

she thought she had lots of income, so she took a risk

Hope this helps plz hit the crown

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John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritan
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Answer:

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Explanation:

To determine this, we employ the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount of the boat he wants = $341,400

M = Annual investment required = ?

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$341,400 = M * (((1 + 0.12)^5 - 1) / 0.12)

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tresset_1 [31]

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