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nataly862011 [7]
3 years ago
14

You're prepared to make monthly payments of $400, beginning at the end of this month, into an account that pays 5 percent intere

st compounded monthly. How many payments will you have made when your account balance reaches $26,182?

Business
1 answer:
Gre4nikov [31]3 years ago
6 0

Answer:

58

Explanation:

In this question we use the NPER function that is shown in the excel spreadsheet

Given that,  

Present value = $0

Future value or Face value = $26,182

PMT = $400

Rate = 5% ÷ 12 months = 0.41666%

The formula is shown below:  

= NPER(RATE,PMT,-PV,FV,type)  

The PMT come in negative  

So, after solving this,  the number of payments is 58

     

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Answer:

Brand association

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Organizations try to instill positive image in the minds of customers through brand association. Here, Martha redecorates coffee collective with pictures of players and coaches as way to promote the team as audience will be be able to connect with the team through the images.

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2 years ago
Cartels are difficult to maintain because a. ​the monopoly output is very difficult to determine. b. ​the number of firms is alw
Ostrovityanka [42]

Answer:

The correct answer is option d.

Explanation:

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