Answer:
i know the answer
Step-by-step explanation:
P=12/3
Explanation: P is the variable and to find how many we can buy with 12 dollars we divide 12 by 3 which is the price.
1) montly rate, r = 5% / 12 = 0.416% = 0.00416
2) capital, C = $ 450 = present value
3) time = 11 years => number of periods = 11 * 12 = 132
4) Formula: FV = C * (1 + r) ^ (number of periods)
5) Calculation: FV = $450 * ( 1 + 0.00416)^(132) = $ 779.07
Answer: $ 779.07
The very rich
control the market and decide what industries to invest in or lend money too.
They influence the government so that they don't have to pay very much in
taxes, which would support the nation's infrastructure, & provide jobs. The
middle class works hard to produce products, and also spends money on products,
which helps to make the rich investors even more wealthy. The poor are typically
unable to compete in a capitalist economy (for a number of reasons), &
require public assistance to survive.
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