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jolli1 [7]
3 years ago
7

You would like to have $50,000 saved at the end of Year 5. At the end of Year 2, you can deposit $7,500 for this purpose. If you

earn 4.5 percent, how much must you deposit today to reach your goal assuming no other deposits are made
Business
1 answer:
Helen [10]3 years ago
5 0

Answer:

The amount that should be deposited today is $33254.58

Explanation:

The deposit should be such that the future value of the deposit made today and at the end of year 2 should be equal to $50000 after 5 years. Let the deposit made today be x. The equation for the future value will be,

50000 = x * (1+0.045)^5  +  7500 * (1+0.045)^3

50000 = x *  (1.045)^5  +  8558.745938

50000 - 8558.745938  =  x * (1.045)^5

41441.25406 / (1.045)^5  =  x

x = $33254.57769 rounded off to $33254.58

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Mobile marketing has a unique ability to empower users by connecting with them individually and continuously. This socially networked world will lead to connected users having more direct interactions with sellers.

What is Mobile marketing?

  • Mobile marketing is a multi-channel online marketing technique focused at reaching a specific audience on their smartphones, feature phones, tablets, or any other related devices through websites, e-mail, SMS and MMS, social media or mobile applications.
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  • In a more theoretical manner, academic Andreas Kaplan defines mobile marketing as "any marketing activity conducted through a ubiquitous network to which consumers are constantly connected using a personal mobile device".
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To learn more about mobile marketing: brainly.com/question/4232483

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7 0
1 year ago
If a buyer has a critical or more important use of the product then the inelasticity of the demand increases. what factor is aff
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If a buyer has a critical or more important use of the product then the inelasticity of the demand increases, then it is the importance of the product affecting elasticity.

A product is considered inelastic if its demand remains static even if there is a significant price change. It is generally the basic necessity product that are considered as inelastic product. Inelastic demand of the product ensures the adequate supply of goods. In inelastic demand case the quantity demanded is same despite the change in price and the demand curve is graphed out as a vertical line. These goods have no substitutes ensuring the quantity demanded remains unaffected.

In case of fall in the price, the demand remains same, generating less revenue. On the other hand, if price hikes, the business earns significant profit.

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3 0
1 year ago
the main purpose of writing a business plan is to a. prepare a "blueprint" for the development of your business. b. meet a state
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D because if your employees don't know about anything then you will have a sloppy business

5 0
3 years ago
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Kira loves Mexican food. She saw a new Mexican restaurant that had affordable prices. She went in to eat but had a bad experienc
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Answer:

level of quality

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For Kira the restaurant has a low level of quality

5 0
3 years ago
A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of
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Answer:

$5.4 and $5.4

Explanation:

The formula and the computation is shown below:

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For plus:

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For Max:

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We simply multiplied the per unit with the direct labor per unit so that the allocation to each unit could come

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