Answer:
The correct answer is $20,211.84.
Explanation:
According to the scenario, the given data are as follows:
Payments (PMT) = $600
Interest rate = 7%
Growth rate = 3%
Time = 16 yeras
So, future value of growing annuity can be calculated by using following formula :
FV of growing annuity = Payment × ((1+ interest rate)^n - (1 + Growth rate)^n) / (Interest rate - Growth rate)
= 600 × ((1.07)^16 - 1.03^16) / (.07 - .03)
= 600 × ( 2.95216374857 - 1.6047064391 ) / (0.04)
= 600 × 33.6864
= $20,211.84
Hence, the correct answer is $20,211.84.
Answer:
sales forecasting
Explanation:
Sales forecasting is a mathematical tool or process to estimate the amount of sales for a product over a given period of time.
Sales forecasts helps companies to make better business decisions so as to analyse the short-term and long-term performance.
The basis for the forecast are generally the past sales data of the product, industry-wide comparisons, and the economic trends for the related products.
An waste of money you can get better stuff
The moisture content of cocoa liquor is closest to the cocoa bean itself. From which it is produced. Contains both cocoa solids and butter equally.The used oc moisture analyzer is to confirm moisture content rather than control it.
