Determine how much each month she can afford
The present value of a dollar would be calculated as -
1 dollar X Present value factor of $ 1 @ 5 % for three years.
Present value factor of $ 1 @ 5 % for three years = 0.8638
Present value of $ 1 after 3 years = $ 1 X 0.8638 = $ 0.8638
Answer:
E
Explanation:
market penetration means selling exiting products in existing market which is less risky then other methods of development. this is also called aggressive marketing.
