Answer:
$2,980.4
Explanation:
To find the answer, we use the future value of an investment formula:
FV = PV(1 + i)^n
Where:
- FV = Future value (the result we are looking for
- PV = Present value (the initial values that the question has given us)
- i = interest rat
- n = number of compounding periods
For the first $640:
FV = $640(1 + 0.0760)^1
FV = $688.6
For the $690
FV = $688.6 + $690 (1 + 0.0760)^1
FV = $1,431
For the second $690
FV = $1,431 + $690 (1 + 0.0760)^1
FV = $2,173.4
For the final $750
FV = $2,173.4 + $750 (1 + 0.0760)^1
FV = $2,980.4
So at the end of four years, you will have $2,980.4.
From what I understand here, it is the company that will be creating the 5000 monthly income. This is an example of a specific measurable goal since the goal of Robert is to make sure that the monthly net income of his company would reach at least 5000. Since he is the boss of his company, this is also probably his personal mission for his company so that he will be motivated to keep on bringing his company to better heights. This will also probably motivate his employees to work harder as well.
<span>Demand<span> <span>refers
to how much of a product or service is desired by buyers. </span>The quantity demanded is the
amount of a product people are willing to buy at a certain price. The
relationship between quantity and price is called demand relationship.</span></span>
<span>Based
on the law of demand, <span>if all other factors remain equal, the higher the
price of a good, the lower the demand and the lower the price, the higher the
demand. So, when the price of a product goes down the demand will increase.</span></span>
