Answer:
Future value is $14,944.22
Interest earned is $7444.22
Explanation:
The amount to earn from Second City Bank is the interest that would have been received at the end of the eight years,
In order to determine the amount of interest,it would be nice to first of all compute the future value-the worth of the savings at the end of eight year using the below formula:
FV=PV*(1+r)^N
PV is the $7,500 invested
r is the compound rate of return is 9%
N is the number of years the amount was invested which is eight years
FV=$7,500*(1+9%)^8
FV=$ 14,944.22
Hence Interest =FV-PV
=$ 14,944.22 -$7,500
=$7444.22
Answer:
Interest rate of 11.84% is required to earn desired amount of $45,000 per year from an Investment of $380,000.
Explanation:
Amount of Investment = P = $380,000
Desired Return per month = A = $45,000
Number of Years = n = 10 years
Interest rate = ?
Use following formula to calculate Interest rate:
A = P x Interest rate
$45,000 = $380,000 x r
r = $45,000 / $380,000
r = 0.1184 = 11.84%
Answer:
Josephine was asking the shoppers survey questions based on Brand awareness
Explanation:
Brand awareness is important in marketing research as it allows business to have an insight of the consumers perception of a given product. The main idea behind brand awareness is to know what is the brand share in the mind of the consumers as all business desire to have a strong top of mind of their products.
Answer:
franchises
Explanation:
A franchise is a business model where the franchisee acquires the right to a business logo, name, and model from the franchisor. The franchisor is usually an established, successful, and popular business. The franchisee gets a license to operate an independent outlet that is similar in all aspects to the franchisor's business.
The franchise business takes advantage of the franchisor brand name popularity to acquire customers and thereby increase its chances to succeed. Mcdonald and Starbucks are examples of popular franchise businesses. This business model applies to all industries. Restaurants, Gas stations, Pharmaceuticals, and other retail outlets ave embraced the franchising business model.
Answer: False
Explanation:
Service variability means that the quality of services depends on who provides them. Also where it was provided, when it was provided, and how it was provided are taken into consideration.
Service variability are changes in the quality of identical service that are beung provided by different vendors. It should be noted that the difference in change is due to the nature of the service, delivery method used and the individual providing the service.
