Answer: a. substantially greater than the national debt
Explanation:
Answer:
Total FV= $5,080.86
Explanation:
Giving the following information:
Cash Flow:
Cf1= $865
Cf2= $1,040
Cf3= $1,290
Cf4= $1,385
Discount rate (i)= 8%
<u>To calculate the total future value, we need to apply the following formula to each cash flow:</u>
FV= Cf*(1+i)^n
Cf1= 865*1.08^3= 1,089.65
Cf2= 1,040*1.08^2= 1,213.01
Cf3= 1,290*1.08= 1,393.2
Cf4= 1,385
Total FV= $5,080.86
Changing customer needs: When companies add products, services and processes to offerings, firms can create and deliver value more effectively by satisfying the changing needs of their current and new customers or simply by keeping customers from getting bored with the current product or service offering.