Answer:
15.44 years
Explanation:
Using both excel rate function and financial calculator, the time taken to repay the debt can be computed thus:
Excel rate function:
=nper(rate,pmt,-pv,fv)
rate= interest rate=4%
pmt=yearly payment=c
pv=loan oustanding=-39000
fv=the balance after all payments should be zero=0
=nper(4%,3435,-39000,0)= 15.44 years
Financial calculate
PMT= 3435
RATE=4
PV=-39000
FV=0
CPT N=15.44 years
This means a payment of $3,435 per year for 15 years and $ 1,511.40 ($3,435*0.44) in the sixteenth year
Answer: build traffic.
Explanation:
The pricing model employed by such gas stations is built in a way to drive traffic. traffic is important and has an impact in many ways 1. low traffic can bog your business down at some level.
2. When you increase your traffic along with the quality of the visitors, the better you will be able to increase your sales.
traffic in this context refers to customers the more you are able to pull customers over the more sales you make.
Answer: Savings Accounts
Explanation:
Savings Accounts at their most basic level allow the holder to earn some small sort of interest even though this interest might be little. Customers are allowed to hold money in these accounts and be able withdraw at will mostly without a fee or penalty.
This is in contrast to Money Market accounts that usually have a limit on how many times a withdrawal can happen and Certificate of Deposit accounts that usually have a lockup period where the money is inaccessible.
Although some laws concerning cash dividends vary by state, the provision followed by all states is Cash dividends may be paid out of retained earnings.
A cash dividend is the distribution of budget or cash paid to stockholders usually as a part of the company's modern-day income or gathered earnings. coins dividends are paid at once in money, as opposed to being paid as a stock dividend or different shape of value.
Cash dividends are considered property due to the fact they boom the net well-worth of shareholders via the quantity of the dividend.
Cash dividends are payments made in coins to shareholders based totally on the number of stocks they preserve. inventory dividends are bills to shareholders made in the shape of extra stocks of inventory.
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Answer:
The correct word for the blank space is: product life cycle.
Explanation:
The product life cycle is the period of time during which a product is conceived and developed, brought to market and late removed from the market. The cycle includes four (4) stages: <em>research and introduction, promotion and growth, maturity, </em>and <em>decline</em>.