Answer:
$69,378.96
Explanation:
The first step is to determine the future value of Jill's balance
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$866,000(1.09)^8 = $1,725,559.25
the second step is to determine the future value of the balance in Bob's account
$482,000(1.09)^8 = $960,415.19
The difference between Jill and Bob's future value amount is 765,144.06. this has to be the future value of bob's yearly savings
yearly savings = 765,144.06. / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
(1.09^8 - 1) / 0.09 = 11.028474
765,144.06. / 11.028474 = $69,378.96
Answer:
Product
Explanation:
When a person is developing a plan, he must understand the product he is selling.
He can only develop an effective plan if he knows the complete dimensions of the product at hand. An incomplete understanding would lead to developing an ineffective plan that might create the wrong perception of it in the minds of the consumer and eventually effect the sales negatively or maybe engage the wrong market in the process.
Answer:
System of Administered vertical marketing
Explanation:
Vertical marketing system is the system of cooperation among the several levels of the distributed channel. In this system, the members work together in order to promote the efficiency as well as economies of scale in the direction products are promoted to the end users.
Administered Vertical Marketing System is the one of the kind of vertical marketing system, which is a system that is coordinated among the distribution channel organisation, in that the flow of products from producer to the customer is controlled through size and power of one member of the system.
So, in this case, dominant member has the power of controlling the store. Therefore, it states the example of administered vertical marketing system.
Answer:
Fronting policy is a risk management technique in which an insurer underwrites a policy to cover a specific risk, but then cedes the risk to a reinsurer. Fronting policies are most commonly used by large organizations, and is a type of alternative risk transfer
Explanation:
If the value of beach-front property in beach city decreases, initially the people of beach city will likely spend less, causing incomes in beach city to decrease.
Property is anything to which a person or entity has a legal right. A property can be an Understanding Land tangible item, such as a house, car, or appliance, or an intangible item that promises future value, such as a stock or bond.
Property defines the theoretical and legal ownership of resources and how they are used. These resources are both tangible and intangible and can be owned by individuals, businesses, and governments.
Learn more about the property at
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