You borrowed $50,000 which you must repay in 10 years. You plan to make an initial deposit today, then make 9 more deposits at the beginning of each the next 9 years, but with the deposits increasing at the inflation rate. You expect to earn 5% on your funds, and you expect a 3% inflation rate. To the nearest dollar, how large must your initial deposit be to enable you to reach your $50,000 target?
A. $3,008
B. $3,342
C. $3,676
D. $4,044
E. $4,448
Answer: B
Business
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The "dormant" Commerce Clause limits the authority of the states to interfere with the flow of interstate commerce by:
A. prohibiting state laws that openly discriminate against interstate commerce. B. prohibiting state legislation that unduly burdens intrastate commerce. C. limiting a state's ability to tax vendors. D. limiting the states from furthering only state interests.
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Explain why NOT all products can use test markets.
What will be an ideal response?
Business
What is the relationship between quality and marketing?
What will be an ideal response?
Business
X signs a negotiable instrument ordering Y to pay Z the sum of $500 . Y is the:
a. maker. b. drawee. c. payee. d. drawer.
Business