Answer: Strategic plan, tactical plan, operational plan
Explanation:
The names that he should use to refer to the guide is the strategic plan. The strategic plan is used to know the goals of an organization and the.needed strategies that'll enable the achievement of the goals.
The individual plans, refer to the tactical plans and it occurs after the strategic plan has been created. The tactical plan simply shows the steps that will be taken for the goals to be accomplished.
The plan to oversee other plans is the operational plan. The operational plan is drawn by the company in order to propel the company to be successful and achieve its goals.
Answer:
Total interest = 1239.12
Explanation:
Assume;
Loan amount = P
Annual payment = X
P[1st payment] = X/[1+0475]⁸
P[1st payment] = X/[1.0475]⁸
P[5th payment] = X/[1+0.0475]⁴
P[5th payment] = X/[1.0475]⁴
P[5th payment] = 699.68
So,
X = 699.68[1.0475]⁴
X = 842.39
P = (842.39/0.0475)(1 – 1/1.0475⁸)
P = 5,500 (Approx)
Total interest = [842.39 x 8] - 5,500
Total interest = 1239.12
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