The three major annual costs of owning a vehicle are fuel, insurance, and maintenance. Insurance is the most expensive because it is for the entire year.
What do you mean by cost?
The amount of money spent by a company on the creation or production of goods or services is referred to as the cost.
It does not include the profit margin. From the standpoint of a seller, the cost is the amount of money spent to produce a good or product.
Hence the major annual costs of owning a vehicle are fuel, insurance, and maintenance which is occurred time to time.
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Explanation:
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Answer:
It will take 5 years and 259 days.
Explanation:
Giving the following information:
A new CEO promises to increase company sales by 7% per year from its current level of $5,435,678 to a target level of $8 million.
We need to use the following variation of the final value formula:
FV= PV*(1+i)^n
Isolating n:
n=[ln(FV/PV)]/ln(1+r)
PV= 5,435,678
FV= 8,000,000
i= 0.07
n= ln(8,000,000/5,435,678) / ln(1.07)
n= 5.71
<u>To be more accurate:</u>
0.71*365= 259
It will take 5 years and 259 days.
Answer:Database Management System
Explanation:hope this helps
