Answer:
it take 29.23 years, my salary to double.
Explanation:
To make the salary double I have to increase the value of salary by 100%. If inflation rate is 2.4 percent per year and salary increase the same rate the time period to make it double can be calculated as follow.
As every year 2.4% has compounding effect, so we will use compounding formula to solve this problem.
Target value = Existing value ( 1 + growth rate )^time period
200% = 100% ( 1 + 2.4% )^n
2 = 1 ( 1 + 0.024 )^n
2 = 1 ( 1.024 )^n
2 = 1.024^n
Taking log on both sides to solve the n
Log 2 = n Log 1.024
n = Log 2 / Log 1.024
n = 29.23 years
I will take 29.23 year to double the salary
Answer: the Specialist/DMM has therefore guaranteed $25 to the trader.
Explanation:
A floor broker is simply referred to as an exchange independent member who acts as a broker for members who are being overloaded with orders
A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public customer. The Specialist (DMM) tells the trader "20,000 shares of ABC have been stopped at 25." This means that the Specialist/DMM has therefore guaranteed $25 to the trader
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The capital resources different from the other resources of production-- natural and human resources is c<span>apital Resources alone are not really needed for efficient production. The answer is B. </span>
I think it's B (False)!
I hope it helped you!
Answer:
C
Explanation:
this is the answer bc there is really no effect
