Answer:
$10,883
Explanation:
n = 31 years
Future value (FV) = 1,980,000 (The amount you need in 31 years for retirement)
i/r = 10% (given)
Present value (PV) = 0 (You have just started your job and have not reserved any amounts for retirement)
PMT (Monthly deposit needed) = ?
By using financial calculator, PMT = $10,883
Answer:
its trade deficit rose
Explanation:
Trade deficit occurs when the imports of a country are higher than the exports. It is called the trade deficit. It means the country is importing more value of goods from other countries and exporting less. When Imports grows higher than the growth in exports, the trade deficit eventually rises.
Answer:
APR is 17.16 percent
Explanation:
APR means annual percentage rate and is calculated annually.
APR = 1.43 percent * 12 months = 17.16 percent
Answer:
<u>Limited Relationships</u>
Explanation:
Customer Relationship management (CRM) refers to the practices and policies followed by an organization w.r.t interaction with it's customers. The concept lays emphasis upon creating healthy customer relationships and solving customer questions and queries in the most efficient manner.
CRM in a way represents the technology or platform a company uses so as to manage it's external interactions with customers.
Software, artificial intelligence, etc represent some of the areas wherein CRM has grown technologically.
The given case points towards the existence of a transactional relationship i.e relationships which is limited only till the transactional level. Under this, the company's does not exactly establish relationship with customers.
Answer:
E) Annuity B has a smaller present value than annuity A.
Explanation:
The main premise in finances is that the value of money increases in time, e.g. one dollar today is worth more than one dollar tomorrow.
In this case, annuity A is an annuity due (payment is made at the beginning of each period). An annuity due that has the same payments and the same rates, will always have a higher present value than an ordinary annuity.
