Tom has the opportunity to purchase an investment that will pa $30,000 in 5 years. The purchase price of the investment today is $18,000. Should he make the purchase if he can earn 10% on his investments? Explain your answer.

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A: Your Social Security Number (SSN) is a unique identification number issued to you by the Social…

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A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

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A: The workforce is the work pool in employment. It is frequently used to depict those working for a…

Q: Are there any drawbacks to bimetallism?

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Q: Is there anything more I can add to make this answer worth 8 marks?

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Q: What are the different ways in which personal property can be obtained?

A: Personal property is a type of property that consists of any property except real estate. It's also…

Q: An impersonal non-commercial source of information used to make travel decisions would be travel…

A: This statement is true. An impersonal non-commercial source of information used to make travel…

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Q: expensive

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Q: The costs of owning and operating an asset can be divided into two categories. What are they?

A: According to cost theory, there are two different types of cost associated with any economic…

Q: A change in technology that makes it more costly to produce tort

A: Technological change is important for industrial development. However, often there are situations…

Q: What are criminal prosecutions?

A: The court is the place where trials and legal cases take place.

Q: Why do transaction fees occur?

A: In a market, transaction cost refers to the additional cost that is bear by the firm or the…

Q: The states have the right to regulate and license real estate agents. Why should that be?

A: Real Estate:The term real estate refers to physical property, land, and buildings. Basically, there…