This one is tricky, only because you aren't sure if they are adding the percentage before you deposit 4,000 more, or after. Since both are annually.
But I would add 11,122.76 and 4,000 =15,122.76 add 12% which is 1814.73 making your total for the first year = 16,937.49.
Then assume it again, you add 4,000. That's 20,937.49
add 12% of 20,937.49 which is 2512.50 so that equals =23,449.99 by the end of year 2.
so add 4,000 again, that's 27,449.99
find 12% and add it to get =3294 add that to the total =30,743.99 by year 3.
(I'm sure they want you to round, which I keep doing with my decimals, but it'll probably go faster if you round ahead of time, but I'm trying to be accurate)
Keep going....
34,743.99 which 12% added is 4169 or a total of $38,912.99 by end of year 4.
add 4,000 to get =42,912.99 and 12% that's roughly a total of 48,063 rounded by the end of year 5.
52,063 at 12% 58,310 by year 6.
58,000 add 12% = 64,960 at end of year 7
68,960 add 12%= 77235 at year 8
81,235 add 12% =90,983 by year 9
94,983 add 12% =106,380 by year 10 (this is where you can assume that they'd want you to double it and it's be 20 years and 210,000. But in real math, the amount is increasing so much because it's 12% of the current balance)
123,626.56 year 11
142,942 by year 12
164,574 by year 13
188,803 by year 14
203, 939 by year 15
So you'd go over 210 by year 16.
Now again, this depends if they add the 12% before or after you deposit 4,000 each year. It also has to have an easier equation, but to be accurate I did it this way. I'm sure that they want you to do like x=years and you'd go 11,122.76+4,000 multiplied by 12% and then try different years to see the number you get until you'd come to 16.
Answer:
After taking a Marketing Course, I should be armed with the following promotional skills:
- Innovation Skills: It is expected that a marketing professional should be able to think differently, energise creativity in the business and craft maverick ways of gaining the attention of the market and transform that attention to patronage.
- Market Development Skills: One is also expected to gain the ability to identify and articulate latent customer needs (even before the customers become aware of them), spot socioeconomic trends as well as technological developments which create opportunities for the company as well as for the customer.
- Pricing Technology: Pricing is an art and a science. It involves accounting, economics and psychology. Marketing deals with the economics and psychology bit of it. Armed with this information, one is able to get into the mind of the individual buyers and them to firm up their buying decision.
Cheers!
Answer:
Option (B) If the market rate of interest is 10%, the bonds will issue at a discount
Explanation:
Interest rate risk is defined as the risk changing which, interest rates will affect bond prices. When current interest rates are greater than a bond's coupon rate, the bond will be sold below its face value at a discount. When interest rates are less than the coupon rate, the bond can be sold at a premium--higher than the face value.
Answer:
$0.215
Explanation:
The computation of the cost per item in Group 1 is shown below:-
Candy amount paid = $3,100
Item received = 7,100
For Group 1
Sale value = Group 1 units × Selling price
= 2,110 × $0.15
= $316.5
For Group 2
Sale value = Group 2 units × Selling price
= 4,720 × $0.35
= $1,652
For Group 3
Sale value = Group 3 units × Selling price
= 270 × $0.71
= $191.7
= Total sale value = $316.5 + $1,652 + $191.7
= $2,160.2
So, Sale percentage for Group 1 = $316.5 ÷ $2,160.2
= 14.65%
Now, the proportion of cost for Group 1
= $3,100 × 14.65%
= 454.15
Cost per unit = Proportion cost ÷ Group 1 units
= $454.15 ÷ 2,110
= $0.215
Why or why not they should agree with the said issue at hand.
Lobbyists give the politicians a kind of reassuring push in a certain direction when having to decide on the issue.