Answer:
$10,904.84
Explanation:
According to the scenario, computation of the given data are as follow:-
Year Deposit amount ($) At 9% for 3 years Future value of deposits ($)
1 $1,500 (1.09)^3 = 1.295029 $1,942.54
2 $3,000 (1.09)^2 = 1.1881 $3,564.3
3 $2,200 (1.09)^1 = 1.09 $2,398
4 $3,000 1 $3,000
Total $10,904.84
Future value = cash flow × (1 + interest rate)^number of years
When the amount of $10,904.84 is available, I buy the car.
Answer:
Penetration pricing
Explanation:
Is a marketing strategy used by businesses to attract customers to a new service or product. By offering lower price during its initial offering, thats the way they do. The lower price, helps a new producto or service penetrate the market and attract customers .
True. With competition in a market, firms have to compete to stay ahead of the others
Answer:
I would say A or D. But I'm leaning towards D - patterns created to attract young and affluent customers.
