<span>When the dollar appreciates relative to foreign currency means that the exchange rate will favor the dollar and cause a decrease in the the price of imported goods. It also means that travel abroad from the U.S. to the relative countries will increase due to lowered costs.</span>
Answer:
$693.16
Explanation:
Calculation to determine How much less than your brother will you have to deposit today
Using this formula
FV= Present value × (1 + interest rate)^number of years
Let plug in the formula
First step
$28,000 = Present value × (1 + 0.112)^13
PV= $28,000 ÷ 1.112^13
PV= $28,000 ÷ 3.97522975235
PV= $7,043.618
Second step
$28,000 = Present value × (1 + 0.104)^13
PV= $28,000 ÷ 1.104^13
PV= $28,000 ÷ 3.61907808993
PV= $7,736.777
Now let calculate how much less than your brother will you have to deposit today
Deposit today= $7,736.777-$7,043.618
Deposit today= $693.159
Deposit today=$693.16 (Approximately)
Therefore How much less than your brother will you have to deposit today will be $693.16
1.plan that earns tax-deferred interest income and has high risk
d. guarantee universal life
2.plan that builds wealth and pays a death benefit
a. term life
3.plan that covers a family while the person is employed
b. index universal life
4.plan that covers someone for his or her life
c. whole life
Check your stuff to see what you already have and what you need.To go around buying everything you want just because its pretty.
