What you need to know is if our money is more valuable in other countries. If our money is more valuable we can get more for less.
The answer to this question is <span>high magnitude of consequences
Delivering faulty products to the consumers could heavily damaged company's reputation in a short period of time.
This kind of damage could make the market to lose trust in the company which will became a huge hindrance if the company want to sell any other products in the future.</span>
Answer:
I will save $26,390
Explanation:
A fix Payment for a specified period of time is called annuity. The Compounding of these payment on a specified rate is known as Future value of annuity. In this question $1,175 per year payment for 15 years at 5.53% interest rate is also an annuity.
We can calculate the amount of saving by calculating the future value of the given annuity.
Formula for Future value of annuity is as follow
Future value of annuity = FV = P x ( [ 1 + r ]^n - 1 ) / r
Where
P = Annual payment = $1,175
r = rate of return = 5.53%
n = number of years = 15 years
Placing Value in the formula
Future value of annuity = FV = 1,175 x ( [ 1 + 5.53% ]^15 - 1 ) / 5.53%
Future value of annuity = FV = 1,175 x ( [ 1 + 0.0553 ]^15 - 1 ) / 0.0553
Future value of annuity = FV = $26,390
Answer:
Following is attached the solution for each part of the question given.
I hope it will help you a lot!
Explanation: