Solution:
Sum Present value of 60 payments
Rent 2000
Periods 60
Rate 12%
Present value of 60 payments $94,405 (Excel = PV( 1% , 60 , 2000))
Future value of these payments at t=9
Future value $1,03,249.99(Excel=FV(1%,9,94,405)
Periods 51
Rate 12%
Answer:
See attached picture.
Explanation:
See attached picture for explanation.
Operant conditioning is used by Mark .
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Explanation:</u></h3>
The instrumental conditioning is the other name given for operant conditioning. It can be considered as a method of learning in which rewards and punishments are used for modification of certain behaviors. This forms a relativity between certain behavior and the consequences of that behavior.
In the example given, Mark has decided to give rewards in order to make his employees to reach office at time. Monthly rewards are given to those employees who did not take breaks and thus he is using the principle of Operant conditioning .
$73,000x8.5%=$6,205 for one year
I believe you are looking for either this number or $6,205x8?
$49,640 for 8 years
Mass customization (build to order)