The career planning process has four components: (1) Self Assessment, (2) Career Exploration, (3) Career Identification, and (4) Action Plan. If you're driven, you can easily go through these steps on your own.
The active management of your career and the organized planning of its future are referred to as career planning. Your personality, your skill set, and the role you want to play in your career should all be taken into account, along with the shifting demands of the labour market.
Taking the time to determine your career goals and the path you'll take to them is a crucial step in the career planning process. This approach can be done independently or in collaboration with a career or guidance advisor. The process of career planning can also be started at any stage of your professional life.
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Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695
Question: Find interest rate
Solution:
Unless there is a table available, there is no explicit formula to calculate interest. However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.

Substituting
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months

Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02 (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest =
1.6265% (to four decimal places)
Answer:
market penetration
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question this is a market penetration growth strategy. Selling more of an established product or service to customers that already purchase the product is a market penetration growth strategy. This is the case as long as the product is not newly developed.
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