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Sergeu [11.5K]
3 years ago
11

What term refers to people who are trendy and fashionable in order to impress others and are often impulse buyers?

Business
1 answer:
oee [108]3 years ago
5 0

Answer: Strivers

Explanation:

The term that refers to people who are trendy and fashionable in order to impress others and are often impulse buyers is Strivers.

It should be noted that Strivers are usually consumers that are from low income families but they so much believe in style and fashion and really wants to impress and emulate celebrities or high income earners who use lastest trends or fashion.

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Answer: 7%

Explanation:

Given data:

P = $5,000

r = ?

t = 40years

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Solution:

NFW = 0 = -$5000 ( F/A , i , 40 ) + $1,000,000

( F/A , i , 40 ) = $1,000,000 / $5,000

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From compound interest table

( F/A , 7% , 40 ) = 199.636

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