Answer:
The amount in the account on the 18th birthday = $ 25,645.41
Explanation:
<em>The investment can be described as an ordinary annuity. An ordinary annuity is a series of equal periodic cash flows that occur for a certain number of years</em>
<em>The amount the invest will accrue principal plus interest is known as the f</em><u><em>uture value</em></u><em> of the annuity</em>
It is determined as follows:
<em>FV = A × ( (1+r)^n -1 ) / r</em>
FV - ?, A = 1000. r - 4%- 0.04, n - 18
FV = 1,000× ( ( (1.04)^(18) - 1 )/ 0.04
= 1,000 × 25.64541288
= $ 25,645.41
The amount in the account on the 18th birthday = $ 25,645.41
Marketers use this kind of data validation:
A. time series sales model
Explanation:
The time series sales model usually works for marketing campaigns because ultimately the marketeer wants to understand how many sales are being converted from primary and secondary sources.
This then leads to the cost and result assessment of the firm.
So, the time series sales model tells when how many sales are being done with some semblance of a filter for the secondary sources from the data of the marketer that they would have.
Answer:
C - Retained Earnings
Explanation:
Retained earnings are the cheapest source of equity capital for the following under listed points:
No costs of issuance of a new security in terms of underwriters' fees are required.
It is readily available, it would take days for the company to have access to the right amount of funding
The risk of under subscription where shares rolled for subscription are not subscribed in full is nip in the bud
Answer:
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Explanation:
