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agasfer [191]
3 years ago
15

Milo decides to invest $1,500 in a savings account every year at the beginning of the year for 10 years. Assuming an interest ra

te of 7%, how much will Milo have at the end of the 10th year

Business
1 answer:
irina1246 [14]3 years ago
4 0

Answer:

$22,175.40

Explanation:

For this question, we use the Future value formula that is shown on the attachment below:

Provided that,  

Present value = $0

Rate of interest = 7%

NPER = 10 years

PMT = $1,500

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $22,175.40

Therefore, the amount at the end of the year is $22,175.40

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Think of a business that utilized one of the three methods of innovation to start their business, identify the business, the typ
garri49 [273]

Answer:

There are three types of innovation.

Product, Process and business Model.

The company Amazon is one of the leading online business in the world. It has achieved success through process innovation.  

Explanation:

Amazon has created a culture of innovation in its organization. The employee working in the amazon are free to share their innovative ideas and management considers those ideas when making strategic planning of business. This is the reason amazon has been able to launch many different types of technological innovations which provide support to their customers and their shopping experience is comfortable.

5 0
3 years ago
Successful marketing focuses solely on selling more products. continues long after the product is purchased. ends once the produ
PSYCHO15rus [73]

<u>Answer:</u>

<em>The most effective marketing strategies are those that are targeted toward a specific audience.</em>

<u>Explanation:</u>

The most effective marketing strategies are those that are targeted toward a specific audience,focused on key benefits based on the audience's point of view and interests, and delivered at an appropriate time, when the audience is most likely to be attentive to and interested in the message being delivered.

Successful marketing focuses solely on selling more products. continues long after the product is purchased. ends once the product is sold to consumers. includes preproduction through selling the product.

6 0
3 years ago
Vintage Fun reproduces old-fashioned style roller skates and skateboards. The annual production and sales of roller skates is 1,
Vesna [10]

Answer:

D. $33.47

Explanation:

The computation of overhead cost per skateboard using an activity-based costing system is shown below:-

                                    Total          Expected           Activity

Activity pool cost      Overheads    Activity               Rate

Setup cost                     $6,550           665                9.85

Engineering cost          $16,000        1,120                14.29

maintenance cost        $91,450        4,353               21.01

Activity pool cost          Rate             Driver         Overhead cost  

Setup cost                       9.85              320              3,152  

Engineering cost             14.29             630             9,002.7

maintenance cost            21.01              2,178           45,759.78  

Total Overheads cost                                               57,914.48

Number of units                                                               1,730

Overhead cost per unit                                                $33.48

Therefore for computing the overhead cost per unit we simply divide the total overhead cost by number of units.

8 0
3 years ago
What type of bank account is best for everyday transactions?
Ilia_Sergeevich [38]

Answer:

money market account?

Explanation:

I'm not positive but you could try if nobody else has an answer haha

6 0
3 years ago
Read 2 more answers
Pls choose A,B,C, or D!!
Artemon [7]

Answer:

a

Explanation:

6 0
2 years ago
Read 2 more answers
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