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charle [14.2K]
3 years ago
6

Assume you deposit $5,000 at the end of each year into an account paying 9.5 percent interest. a. How much money will you have i

n the account in 19 years
Business
1 answer:
alekssr [168]3 years ago
8 0

Answer: $242,567.27

Explanation:

The $5,000 is an annuity as it is being paid every year and is a constant amount.

The value in 19 years is the future value of this annuity:

Future value of annuity = Annuity * ( ( 1 + rate) ^ number of years - 1) / rate

= 5,000 * ( ( 1 + 9.5%)¹⁹ - 1) / 9.5%

= $242,567.27

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In a horizontal marketing system, two or more unrelated companies put together resources or programs to exploit an emerging marketing opportunity. Thus the correct option is E.

<h3>What is marketing?</h3>

Marketing refers as a technique in which awareness of any product is created with the help of advertising and promotion to attract customers and to encourage them to make a purchase.

A horizontal marketing system is a type of distribution channel in which unconnected businesses at the same level form an alliance. The objective is to take advantage of economies of scale.

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The Fisher formula is expressed as _____ where R is the nominal rate, r is the real rate, and h is the inflation rate.
Elis [28]

Hello !

Answer :

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3 0
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Currently, Mucho Dinero is organized into specialized departments such as marketing, finance, production and personnel. These de
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