Answer:
Bank X will received: $13,554.73.
Explanation:
* Calculation of Betty equal monthly repayment by using present value formula for annuity: 19,800 = PMT/1% x ( 1 - 1.01^-36) <=> PMT = $657.643
* The effective annual rate at the time of loan selling is calculated as: (1+14%/2)^2 - 1 = 14.49% => The monthly discount rate is 1.1449 ^(1/12) -1 = 1.134%
After the 16th payment is made, there is another 20 equal repayments, made at the end of each months; so we have 20 discounting periods, PNT = 657.643; discounting rate = 1.134%
=> Price Bank X receives = Present value of the repayment stream = 657.643/0.0134 x [1 - 1.0134^(-20)] = $13,554.73.
Answer:
A. establishment of the company's mission
Explanation:
Strategic management is defined as the steps that a company continuously uses to assess and monitor the abilities not a company to meet up with its goals and objectives. As the business environment changes the organisation will need to make adjustments to stay competitive.
During the planning stage of strategic management there is a need for establishment of a company's mission first of all. This communicates to the employees the business's goals, which helps in setting priorities, focus energy, and strengthen operations in such a way that employees and other stakeholders are working toward a common outcome
It is FALSE that the elements on the left side of the marketing strategy planning process model (Context, Customers, Company, and Competitors) are what marketing managers can control.
<h3>What is the marketing strategy planning process model?</h3>
The marketing strategy planning process model shows the systematic approach that marketing managers can employ to achieve marketing goals.
The steps in the model help marketing managers to study the situation, set objectives, formulate strategies, develop action programs, implement and control marketing efforts, and carry out reviews and evaluations.
Thus, it is FALSE that the elements on the left side of the marketing strategy planning process model (Context, Customers, Company, and Competitors) are what marketing managers can control.
Learn more about marketing strategies at brainly.com/question/24804191
Savings account is the answer
