It is easy to start a mma investment
Can u put the multiple choice in the question?
Answer:
(A) $5,131.5
(B) $12,729.5
Explanation:
The interest earned on the value of interest earned before is the compounded interest. Compounding is the reinvestment of the amount earned before and take return over it too.
As per given data
Invested amount = $5,000
Interest rate = 3.9%
Interest is compounded monthly
Monthly rate = 3.9% / 12 = 0.325%
Formula for the accumulated amount of investment
A = P ( 1 + r )^n
Accumulated Money when $5,000 is
(A) Invested for 8 months
A = $5,000 ( 1 + 0.325% ) ^8
A = $5,131.5
(b) Invested for 24 years or 288 months (24 x 12)
A = $5,000 ( 1 + 0.325% ) ^288
A = $12,729.5
Answer:
Brand licensing Strategy
Explanation:
Brand licensing is an agreement whereby a company is given the permission to produce or market products using the brand of an original owner. It involves leasing out or renting out a brand name to another company. It is the process whereby a licensor gives permission to licensee to use the licensor brand name in the licensee products and services. In this scenario, Harley Davidson, the licensor allows gives manufacturers his brand name to be use in their products in exchange of royalties of the sales of the licensee products.
