Use the formula of the present value of an annuity ordinary.
The formula is
pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value 350
PMT monthly payment 30
R interest rate 0.18
K compounded monthly 12
N number of months?
350=30 [(1-(1+0.18/12)^(-n))÷(0.18/12)]
Solve for n
350/30=[(1-(1+0.18/12)^(-n))÷(0.18/12)]
((350/30)×(0.18/12))-1=-(1+0.18/12)^(-n)
-0.825=-(1+0.18/12)^(-n)
0.825=(1+0.18/12)^(-n)
N=−log(0.825)÷log(1+0.18÷12)
N=12.9 months round your answer to get 13 months
Answer:
Perceived-Value Pricing method OR Value-Based Pricing
Explanation:
Perceived-Value Pricing method, is where a firm sets the price of a product by considering <u>what product image a customer carries in his mind and how much he is willing to pay for it</u>. In other words, pricing a product on the basis of what the customer is ready to pay for it, is called as a Perceived-value pricing.
It is the same as Value-based pricing which means setting a price based on how much the customer believes what you’re selling is worth
The correct answer is choice d, Rapid Response.
All of the options available are characteristics of highly performing teams, with the exception of choice e, rapid response.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.