To calculate the APR, we first calculate the monthly rate and then the APR (Annual percentage rate)
Monthly rate is calculated by using RATE function in excel as in =RATE(NPER,PMT,PV) where
NPER = number of period in months = 48
PMT = Monthly payment = 960
PV = Loan value = 38400
Monthly rate = RATE(48,960,-38400) = 0.77015%
APR = Monthly rate * 12
APR = 0.77015%*12
APR = 9.24% (Rounded to 2 decimals)
Answer:
C. promoting a new product.
Explanation:
A foreign direct investment (FDI) can be defined as an investment made by an individual or business entity (investor) into an investment market (industry) located in another country. The investor here, shares a different country of origin from the country where his investment is located.
When establishing a foreign direct investment, investors are required to consider some basic entry decisions such as free market, political stability, low inflation rates, pioneering costs etc.
In a foreign investment, pioneering cost arises because the business investment differs from that in the firm's domestic market and such it is necessary that, the firm dedicate a good deal of time, money (expenses) and efforts to learning and adapting to the market rules, policies and processes.
<em>Hence, an example of a pioneering cost is the cost of promoting a new product, cost of enlightening and education of customers etc. </em>
Answer:
The correct answer is letter "D": the Internet has led to more people and businesses needing computer experts.
Explanation:
The massive spread of the use of the internet has changed the way businessmen make investments. It is not necessary to look for customers on the other side of the world anymore since they can reach you on a web page from the comfort of home. This had led to some companies in relying on a computer-based market. For that reason, those organizations require every day more computer specialists so they can take advantage of the network as much as possible.
