Answer:
Results are below.
Explanation:
Giving the following information:
Interest rate= 9%
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
a)
PV= $100,000
n= 35
i= 0.09
FV= 100,000*(1.09^35)
FV= $2,041,396.79
b)
PV= $100,000
n= 25
i= 0.09
FV= 100,000*(1.09^25)
FV= $862,308.07
There is a big difference between investing at 30 than at 40. It is due to the compounding interest of the first 10 years.
C, sorry if im wrong not very good at this
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Answer:
diversification strategy
Explanation:
In Business, diversification strategy refers to the strategy that company implemented in order to enter more than one markets in their overall operation.
Diversification strategy can be done by creating different varieties of products. This will help the company obtain new batch of costumers with different taste/preference who cannot be obtained with their old products.
On top of that, diversification also can be done by selling the products in different methods. This usually made to target different customers who have their own preference in shopping's. For example, if a company is used to sell most of their products through store, opening an online store would be one good example of divarication through different selling methods.