Business analysis phase of the new product development process
Icecream, the demand for icecream increases as the temprature becomes hotter but decreases as the temprature cools down
Answer:
d. is a written promise to pay a specified amount of money at a certain date.
Explanation:
A promissory note, also known as note payable, is a financial instrument used when you borrow or loan money, it establishes the terms and details of the agreement (amounts, interests, late fee, <em>maturity date,</em> etc.). <em>It consists of a written promise where the issuer promises to fulfill the terms and to pay to the payee on the determined date.</em>
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The answer is Residential rental property
Answer:
Present value = $21,804 (approx)
Explanation:
Given:
Periodic payment = $3,200
Number of period = 12
Interest rate = 10% = 10/100 = 0.1
Present value = ?
Computation of Present value:
![Present\ value = PMT[\frac{1-(1+r)^{-n}}{r} ]\\\\Present\ value = 3,200[\frac{1-(1+0.1)^{-12}}{0.1} ]\\\\Present\ value = 3,200[\frac{1-(1.1)^{-12}}{0.1} ]\\\\Present\ value = 3,200[\frac{1-0.318630818}{0.1} ]\\\\Present\ value = 3,200[\frac{0.681369182}{0.1} ]\\\\Present\ value = 21,803.6188](https://tex.z-dn.net/?f=Present%5C%20value%20%3D%20PMT%5B%5Cfrac%7B1-%281%2Br%29%5E%7B-n%7D%7D%7Br%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B1-%281%2B0.1%29%5E%7B-12%7D%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B1-%281.1%29%5E%7B-12%7D%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B1-0.318630818%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B0.681369182%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%2021%2C803.6188)
Present value = $21,804 (approx)
