Answer: $40,121.29
Explanation:
Using Excel, you are finding the payment which is denoted PMT
The rate is:
= 10%/ 2
= 5% per semi annual period
The Nper or number of periods is:
= 10 * 2
= 20 semi annual periods
Present value of PV is $500,000
Future value is 0 because that is the balance after the payments are done.
Formula will look like:
=PMT(5%,20,-500000,0,0)
Payment will be:
= $40,121.29
Answer:
6
Explanation:
Marginal Utility is defined as the satisfaction that an individual gains after consuming additional units of a certain goods or services. Andy has two goods available to consume cola and potato chips. Andy will consume 6 units of potato chips to maximize his marginal utility. The cola is also consumed by Andy to satisfy his marginal utility.
Lower car insurance rates serve as a reason for good driving.
Answer:
Brand personality; line extension
Explanation:
A brand personality
Is something to which the consumer can relate; an effective brand increases its brand equity by having a consistent set of traits that a specific consumer segment enjoys
Line Extension
Line extension refers to the expansion of an existing product line.