This problem is solved by using the compound interest formula:
A=P(1+(I/period))^(number of periods)
Where A = amount accumulated and P = amount loaned and I = Interest
A = ? P = $2, 000, I = 0.115, Period = 2 (semi annually) Number of period = 2
*7 (I. e paid twice over a 7 yrs span)
So we have
A = 2000 ( 1 + 0.115/2)^(14)
A = 2000 ( 1 + 0.0575)^(14)
A = 2000 (1.0575)^(14)
A = 2000 (2.1873851765154) = 4374.77035
So we have 4374.80 to the nearest cent.
The individual stockholders face limited liability in the form of money
Conjoint studies are run to understand how
consumers make TRADEOFFS. Tradeoffs is a technique wherein the person
literally reduce an outcome in order to achieve a more desirable result that is
beneficial to that person. In conjoint studies, people will weigh the product
by its features and uses and will choose what is the most preffered feature to
the least preferred feature.
