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DerKrebs [107]
4 years ago
10

Exotics Faucets and Sinks LTD., guarantees that its new infrared sensor faucet will save any household that has 2 or more childr

en at least $30 per month in water costs beginning 1 month after the faucet is installed. If the faucet is under full warranty for 5 years, the minimum amount a family of four could afford to spend now on such a faucet at an interest rate of 1/2% per year, compounded monthly, is closest to(a) $149c) $1787(b) $1552d) $1890
Business
1 answer:
BigorU [14]4 years ago
5 0

Answer:

$1552

Explanation:

it will save 30 per month during 5 years.

we can calculate this as an annuity. So the value of the faucets will be the present value of the cash savings:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C $30 saving per month

time 5 years x 12 month per year = 60 months

rate 0.5% = 0.5/100 = 0.005

30 \times \frac{1-(1+0.005)^{-60} }{0.005} = PV\\

PV $1,551.7668

Rounding it will be closest to 1,552

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aliya0001 [1]

The party which is entitled to sue Midwest for its failure to honor the terms of the contract is Laurelei because she is the contract beneficiary.

Basically, the life assurance policy is a policy which promises to pay the beneficiary of the life assured a certain sum after the death of the life assured.

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3 0
3 years ago
In​ ________, goals set by top managers flow down through the organization and become subgoals for each organizational area.
STatiana [176]

Answer:

traditional goal setting

Explanation:

This is traditional goal setting because the goals flow from the top down. Each organisational area then incorporates them from the top down.

3 0
3 years ago
List and describe the three variables that contribute to overall ad effectiveness.
liberstina [14]

Answer:

As indicated in your reading in week 6, the overall effectiveness of an ad is a combination of three variables. List and describe these three variables.

Explanation:

a

b

c

6 0
3 years ago
Given that gabby is looking for a budget-priced flight home for the holidays, she will need to find out what various options exi
Nitella [24]
Gabby is in the stage of INFORMATION SEARCH of the consumer decision process. 
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4 0
4 years ago
A Subaru representative has a solid relationship with Phil, a satisfied customer. Phil loves Subaru and will not accept anything
larisa86 [58]

Answer:

The correct answer would be, Customer's life time Value.

Explanation:

Subaru is an automobile company who is famous for its boxer engines in the cars above 1500 cc. Subaru is a division of Japanese transportation conglomerate.

A representative of Subaru has solid relationship with a customer, Phil. Phil is such a satisfied customer that he only wants Subaru every time he goes for a new purchase. Also he refers a lot of people to Subaru. The representative determines that if Phil continue to do so, his total value to the company would be $350,000. This figure includes Phil purchases as well as the purchases made by the people which he referred to Subaru. So this means, the representative has calculated the Phil's Lifetime Value.

8 0
4 years ago
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