Answer:
Explanation:
This is an Ordinary Annuity question. You can solve this using a financial calculator. I'm using (TI BA II Plus)
N; duration = 20
I/Y ; interest rate per year = 8.5%
PMT ; recurring annual payment = 70,000
FV; Future value = 0 (In solving annuities, use 0 if not given)
then CPT PV = ?
PV = 662,433.563
Therefore, your friend needs to have $662,433.56
Answer:
A. supply chain
Explanation:
The supply chain is the entire system that a manufacturer uses to deliver finished products to the intended consumers. The supply chains start from sourcing materials to the processing and distribution of finished goods to final consumers. The supply chain managers manage the supply chain process.
The supply chain system consists of the manufacturer and some independent entities such as distributors, wholesalers, warehousing service providers, transporters, and retailers.
Answer:
15 years
Explanation:
If you are constructing a portfolio to cover the education expenses of your child and you expect that he/she graduates from college in 15 years, then the time horizon of your portfolio should be 15 years since it should cover all the expenses until your child graduates. If you start a little earlier and expect your child to graduate in 20 years, the time horizon will be 20 years, or if you start a little later and expect your child to graduate in 10 year, then the time horizon is 10 years.
Answer:
A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services
Explanation:
When modeling consumer behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services
Answer:
we expect to experience both efficiency and effectiveness when interacting with organizations
