The future worth of the periodic payment, in this case, annual, can be calculated through the equation,
FV = P x ((1 + r)^n - 1)/ r))
where FV is the future value, P is the periodic payment, r is the interest rate, and n is the number of years. Substituting the known values,
2,000,000 = P x ((1 + 0.06)^30 - 1)/ 0.06))
The value of P from the equation is $25,297.82
Hence, the answer to this item is the fourth choice.
Can charge a premium price for its items or goods and also for administrations charges usually termed as services .
Since clients need to see items as being justified regardless of the higher sticker price, a business must endeavor to make an esteem observation. Alongside making an excellent item, proprietors ought to guarantee their showcasing endeavors, the item's bundling and the store's stylistic theme all join to help the superior cost.
