The answer is: satisfying customer needs and wants.
<h3>What Distinguishes Needs from Wants?</h3>
One of the most crucial tasks you must take when building a monthly budget is classifying your expenditures by "need" or "desire" status.
The distinction between a need and a want might vary from person to person, making it one of the hardest challenges. It is also simple to mistake requirements for wants if you have been accustomed to something to the point that it is difficult to imagine life without it.
You classify your expenditure on the budgeting worksheet as either needs or wants. By doing this, you may distinguish between the expenses that are absolutely necessary for your existence and well-being (what you need) and those that are only desirable but not necessary (wants).
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Answer:
$400
Explanation:
So we know that is 15 years you will have $6000
so $6000 divided by 15 years.This will bring you how much money you have to deposit each year..
6000/15
400
so..
you will have to deposit $400 every year in 15 years.
Answer:
PV= $7,721.73
Explanation:
Giving the following information:
Your deal with her is that you will pay her $1,000 per year for the next ten years with the first payment occurring at the end of this year. If your discount rate is 5%.
To calculate the present value we need to use the following formula:
NPV= ∑[Cf/(1+i)^n]
For example:
Year 4= 1,000/1.05^4 822.70
Year 8= 1,000/1.05^8= 676.84
NPV= $7,721.73
Answer:
The Interest Rate and how much you owe.
Explanation:
If you have a rate of 10% a month
and you owe $100, the next month you owe $110
or if you owe $50, then next month you owe $55
<span>You will find every escrow entry showing the running balance after each receipt or disbursement in a journal kept by the sponsoring broker. This journal must show the chronological order of the transactions when funds are received or disbursed by the sponsoring broker.</span>
