People often discontinue their positive behavior after the contest is over
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Your goal is to have $15,000 in your bank account by the end of four years. The interest rate remains constant at 4% and you want to make annual identical deposits.
<u>End of the year:</u>
To calculate the annual deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (15,000*0.04) / [(1.04^4) - 1]= $3,532.35
<u>Beginning of the year:</u>
A= {(FV*i)/ {[(1+i)^n] - 1]} / (1+i)
A= 3,532.35/ 1.04= $3,396.49
The difference resides in the interest compounded. At the beginning of the year the interest compound for one more period.
<span>The right answer is C. marginal revenue equals marginal cost; is upward-sloping. Marginal revenue is the amount that revenue increases if someone sells one more unit of their product. When there's competition, every unit has the same price, but when there's a monopoly, you have to make cheaper every other unit to sell one more</span>
Answer:
concept testing
Explanation:
The stage of new product development in which potential customers are presented with a written or oral description of the product to determine their initial attitudes and buying intentions is called concept testing.
Because:
The product developer needs to ask a group of people for their opinion about a new product or advertisement before offical lauching the their product in other to minimise failure rate
The future value for annuity is $3030.
<h3>What is future value of an annuity?</h3>
The worth of a series of recurrent payments at a specific future date, assuming a specific rate of return, and discount rate, is the future value of the annuity. The future value of the annuity increases with the discount rate.
Some key features of future value of annuity are-
- A approach to determine how much money a stream of payments will be worth at some future date is to determine future value of an annuity.
- A present value of an annuity, on the other hand, calculates how much cash will be needed to provide a series of future payments.
- Payments are made in a typical annuity at the conclusion of each predetermined time frame.
- Payments are made at the start of each period in an annuity payable.
The formula for future value of annuity are-
F.V = P×
F.V = future value of annuity
P = Initial deposit; $1,000
r = rate of interest; 10%
Substitute the given values in the formula;
F.V = 1,000×
= 1,000×3.03
F.V = 3030
Therefore, the future value of the annuity of the deposited amount of $1,000 is $3030.
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