Answer:
A.True
Explanation:
a person who sets up a business or businesses, taking on financial risks in the hope of profit.
When Wal-Mart started purchasing from the manufactures of products directly in 1980 it helped to grow the business into a major success. The three activities that helped build the success was more cost effective inventory management, distribution practices by having their own fleet of trucks, and supply chain efficiency which helped to save time.
Answer: $34,502.85
Explanation:
The constant deposits are considered annuities.
The value at the end of 22 years is the future value of the annuity.
Future value of annuity = Annuity * ( (1 + rate)^number of years - 1 ) / rate
= 1,000 * ( ( 1 + 5%) ²² - 1) / 5%
= $38,505.21
Then subtract the future values of the deposits that your grandmother missed.
For the fifth birthday, the future value term will be 22 - 5 = 17 years
For the eleventh, the future value term will be 22 - 11 = 11 years
The amount in the account is:
= 38,505.21 - (1,000 * 1.05¹⁷) + (1,000 * 1.05¹¹)
= $34,502.85
