Steve should create a type of business report called a business plan. The correct option among the options that are already given in the question is the last or the fourth option. This business report created by Steve will actually influence the investors about investing their money in Steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.
Answer:
c. 10.17%
Explanation:
we can use the future value formula:
future value = present value x (1 + r)ⁿ
- future value = $19,600,000
- present value = $8,200,000
- n = 9
$19,600,000 = $8,200,000 x (1 + r)⁹
$19,600,000 / $8,200,000 = (1 + r)⁹
(1 + r)⁹ = 2.390243902
⁹√(1 + r)⁹ = ⁹√2.390243902⁹√
1 + r = 1.101663943
r = 1.101663943 - 1 = 0.101663943 = 10.17%
<span>An example of a young and successful entrepreneur
Mubarak Muyika of Kenya. AT age 20 years old, he founded Zagace Limited is a
software helping companies evaluate their inventory: accounting, payroll, stock
management, marketing, etc. Next is Bheki Kunene of South Africa. AT age 27, he
founded Mind Trix Media providing jobs and a profit.</span>
Make sure you know you basic math operations. (+ , - , x , /) Know your Oder of operations (some call it as PEMDAS) Know how to work with negative numbers. Make sure to keep your work organized. Understand what variables are/stand for.
Cottage Industry is a business or manufacturing activity carried on in a person's home.