Answer:
Good luck with the promotion, here are some ideas for the company!
Answer
The answer and procedures of the exercise are attached in image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Walmart visa gift cards are the gift cards that are used to make payments just like the credit or the debit cards used. The benefit with this is that you get a gift with every purchase you make, making it attractive for the buyer.
<u>Explanation:</u>
Walmart visa gift cards are the cards that are used to make payment just like the debit or the credit card. The amount gets deducted directly from the account with every purchase the consumer makes. But the benefit of this is that you get an assured gift with every purchase you make. So this attracts the customers.
Walmart Visa gift cards are acceptable at the places where visa gift cards are acceptable throughout the United States of America and the district of Columbia. These gift cards are not acceptable internationally. These can only be used in the country to make purchases and not in other countries of the world.
Answer:
The annual annuity payment during this time at the rate of 6.50 % is $1291.67
Explanation:
Compute the annual annuity payments (PMT)
Present Value of annuity (PV) = $10538.38
Number of years (n) = 12
Rate (i) = 6.50%
![Present Value (PV) = PMT [1- (1+r)^{n} ]/r]](https://tex.z-dn.net/?f=Present%20Value%20%28PV%29%20%3D%20PMT%20%5B1-%20%281%2Br%29%5E%7Bn%7D%20%5D%2Fr%5D)
![10538.38 = PMT [1- (1+0.0650)^{-12} ]/0.0650](https://tex.z-dn.net/?f=10538.38%20%3D%20PMT%20%5B1-%20%281%2B0.0650%29%5E%7B-12%7D%20%5D%2F0.0650)
![Annual Annuity Payments = 0.0650*10538.38/[1- (1+0.0650)^{-12} ]](https://tex.z-dn.net/?f=Annual%20Annuity%20Payments%20%3D%200.0650%2A10538.38%2F%5B1-%20%281%2B0.0650%29%5E%7B-12%7D%20%5D)
Annual Annuity Payments = $1291.67
