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Marrrta [24]
3 years ago
9

Before starting a business, an entrepreneur should consider the following sacrifices: a. Professional b. Financial c. Personal d

. All of these are correct.
Business
1 answer:
andrey2020 [161]3 years ago
8 0

Answer:

D. All of these are correct

Explanation:

Because truly before starting a business, an entrepreneur should consider the professional sacrifices as competence and expertise is a key factor in building an excellent business. Entrepreneurs need to have the know-how of their business or better still get able hands to handle it for them.

Setting up a Business would require some financial commitment. One which many atimes might not be convenient especially at the kick-off of the business. It's would a season of continuous investment not necessarily a season for profit making.

Personal sacrifice would be heavily needed and hence must be considered. Before starting a business, you must consider the sleepless nights, forgone comfort, play time and certain discipline you must imbibe if growing the business is indeed what is desire.

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If you received a constant annual rate of return of 7% on an investment of $10,000, how many years will it take before you have
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Answer:

It will take 10 years to have $20,000 on investment of $10,000.

Explanation:

Annual Rate of return = r = 7%

Compounded Value / Future Value = FV = $20,000

Investment Value / Present Value = PV = $10,000

Use Future value formula to solve this question:

Future Value = Present Value x ( 1 + Number of Year )^Number of year

FV = PV x ( 1 + r )^{n}

$20,000 = $10,000 x ( 1 + 0.07 )^{n}

\frac{20,000}{10,000} = ( 1 + 0.07 )^{n}

$2 = 1 .07 ^{n

Log 2 = n log 1.07

0.30 = n x 0.03

n = \frac{0.30}{0.03}

n = 10.00

n = 10 year (rounded off to nearest year )

It will take 10 years to have $20,000 on investment of $10,000.

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Answer:

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2 years ago
Which sentence is not a correct use
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