Answer:
PV= $3,978.115
Explanation:
Giving the following information:
Interest rate (i)= 8% = 0.08
Future value (FV)= $20,000
Number of periods (n)= 21 years
<u>To calculate the lump-sum to be invested today, we need to use the following formula:</u>
PV= FV / (1 + i)^n
PV= 20,000 / (1.08^21)
PV= $3,978.115
Answer: technological environment
Explanation:
Technological environment simply has to do with how science and technology and technological progress has impacted on businesses.
The technological environment is the environment whereby the technological changes affect the marketing efforts of firms. Therefore, a business that establishes a web-site and begins to allow customers to place its orders online without ever coming into their store, is responding to changes in the technological environment.
I think it might be a writer?