The balance in the savings account at the end of the 8th year (i.e., after 8 deposits) is $99,256, and the interest earned on the 8 deposits is $27,256
The future value of annuity is a calculation that measures how a good deal a chain of fixed bills might be really worth at a specific date in the future whilst paired with a particular interest price. The word “value” in this term is the coin's potential that a sequence of future payments can gain.
The equation to find future value of the annuity:
Future Value = E ( ( 1 + r)^p - 1 ) / r
E = Annual deposit = $9,000
r = Interest rate = 9%
P = 8 years
FV = Amount available = 9,000 ( 1.09^8 - 1 ) / .09 = $99,256
Interest = 99,256 - 9000 * 8 = $27,256
Future value is the value of a current asset at a future date based on an assumed fee of growth. The future price is vital to investors and economic planners, as they use it to estimate how an awful lot of funding made today may be worth it in the future.
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Answer:
c.Product customization
Explanation:
What is Product customization?
Its a type of strategy that companies implement to attarct more customers. It usually implies the modification of designs, uses and/or characteristics of their items to satisfy the customer’s needs or desires.
This policy has the benefit of giving the company the opportunity to stand out from the competitors by fine-tuning items and services. Therefore the company gains a bigger portion of market share
In this case, KFC, altered their global formula in order to gain more acceptance in the Japanese market
No it’s not. In fact it is very easy and fun depending on who your working with.
Answer:
The firm that will have a higher beta is:
Firm B.
Explanation:
The question here is which firm is more volatile. Since they have a similar amount of financial leverage, Firm B which uses more human workers on its assembly line and pays overtime will appear to be more volatile than Firm A with a highly automated robotics process. Firm B faces risks of labor strikes and other vagaries associated with the use of more labor than the market.
Answer:
A,)amount of goods and services produced from each unit of labor input.
Explanation:
Productivity can be regarded as the measure of efficiency in production. It can be calculated by dividing aggregate output by single input over a particular period of time. It should be noted that Productivity is the amount of goods and services produced from each unit of labor input.