What is the future value of $450 at an interest rate of 15 percent one year from today?

$517.50

Explanation:

we have to use the future value formula:

future value = present value x (1 + interest rate)ⁿ

future value = $450 x (1 + 15%) = $450 x 1.15 = $517.50

The basic premise of finances is that the value of money changes over time, i.e. one dollar today is worth more than one dollar tomorrow. That is because the money yo have today can be invested and it can interest, therefore, it will be worth more in the future.

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!

answer; rapid growth in buyer demand and high buyer switching cost;