Answer:
Since Interest Rate and Period is not given; we would assume the spring term begins in 4 months and
Explanation:
First we will require to use the compound interest formula.
It is not mentioned the compounding period in the question. However, many of the bank accounts today offer monthly compounding, and this will be used as the basis.
i=interest rate=7.62% p.a => 7.62/12=0.635% per month
FV=PV(1+i)^n
FV=future value = 2200
PV=present value, to be found
i=interest rate per compounding period (month)=0.00635
n=number of periods=4
2200=PV(1+0.00635)^4
PV=2200/(1.00635^4)
PV=$2144.99
In case interest is not compounded, we could apply the simple interest formula:
FV=PV(1+ni)
PV=2200/(1+4*0.00635)
PV=$2145.504
Answer:
True
Explanation:
Assuming it to be true false question the given statement is true.
The given statement is absolutely correct that the user test and acceptance procedure is the last point at which the user can determine the system’s acceptability prior to it going into service.
The answer is variable pricing strategies
If the company is launching a completely new they would have invested heavily in R&D and are about to invest a lot of money in the marketing and promotion as well.
Variable pricing simply takes into account the cost of bringing that product to market and prices the product accordingly. This is to ensure that the new product can help the company recover it's costs as soon as possible.
It also ensures that the final price is a balancing act so that the product's price is attractive for the buyer and a medium way between 'sales volume and income per unit' is achieved.
Answer:
The amount of loan after two years is $2875.68.
Explanation:
Given information:
Interest rate = 7%, compounded continuously.
Time = 2 years
Initial value of loan = $2500
The formula for amount after continuous compound interest is
where, P is principal,r is nominal rate per year, t is time in year.
Substitute P=2500, r=0.07, t=2 in the above formula.
Therefore the amount of loan after two years is $2875.68.
