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natulia [17]
3 years ago
9

ABC Company knew that its customers were interested in environmentally friendly business practices, so it began marking all of i

ts products as environmentally friendly because they were made with all-natural ingredients, even though ABC's plant was one of the worst polluters in town. The term for this practice is?
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
6 0

Answer:

Greenwashing.

Explanation:

Disinformation disseminated by an organization so as to present an environmentally responsible public image.

It is a term describing the fraud made by companies when they pretend they help the environment by using green marketing.

It attempts to trick us into believing that a company with an awful environmental track record actually has a good one.

If one corporation gets away with greenwashing, then other corporations will follow, thereby creating an illusion of being environmentally friendly.

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Answer:

$3,129,414.40

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i = 18% compounded monthly = 18% / 12 = 1.5% = 0.015

n = 2 yrs = 2 * 12 = 24 months

Growth(g) = 1% = 0.01

Present value of geometric series = A * [1 - (1+g)^n / (1+i)^n] / (I - g)

Present value of geometric series = $140000 * [1 - (1+0.01)^24 / (1+0.015)^24] / (0.015 - 0.01)

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Present value of geometric series = $140000 * 22.35296

Present value of geometric series = $3,129,414.40

Thus, the present worth of the savings at an interest rate of 18% per year, compounded monthly is $3,129,414.40

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