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3241004551 [841]
3 years ago
12

You want to have $66,000 in your savings account 9 years from now, and you're prepared to make equal annual deposits into the ac

count at the end of each year. If the account pays 6.9 percent interest, what amount must you deposit each year
Business
1 answer:
mixer [17]3 years ago
5 0

Answer:

the amount that need to be deposited each year is $7,166.28

Explanation:

The computation of the amount that should be deposited each year is shown below:

Given that

FV is $66,000

NPER is 9

RATE is 6.9% ÷ 12 = 0.575%

PV is 0

The formula is shown below:

= PMT(RATE,NPER,PV,-FV,TYPE)

AFter applying the above formula, the amount that need to be deposited each year is $7,166.28

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Answer:

B.

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Yummy peanuts is testing its new coconut flavored peanut butter in a group of representative cities. Aimed at forecasting national sales and profit. This is use of standard test markets.

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Answer is a , credit scores reflect how likely individuals are to repay Thier debts.. you buy a house , and say they need a credit check. it's to be sure that you're reliable to pay the bills or rent.
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Conjoint studies are run to understand how consumers make TRADEOFFS. Tradeoffs is a technique wherein the person literally reduce an outcome in order to achieve a more desirable result that is beneficial to that person. In conjoint studies, people will weigh the product by its features and uses and will choose what is the most preffered feature to the least preferred feature.

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