Its 6 trust me im a certified verified person
Answer:
PV = 1414
Explanation:
The pictures attached below shows the full explanation for the problem and it is so explanatory. i hope it helps you, thank you
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a deposit is where you going to put money in the bank yeah like we just go put something in somewhere that's the definition of deposit .
Answer:
Nathan's contention is wrong.
Explanation:
Storage of money at home involves the opportunity cost of losing out on income that would've been generated had the same money been invested elsewhere or deposited with a bank.
Secondly, money stored at home is vulnerable to theft and other forms of risks.
Thirdly, stored money at home does not contribute to any economic benefit since such money is out of circular flow of money in the economy. So it yields no return.
Thus, Nathan's contention of stored money at home being costless is wrong.
