Answer:
$972,183.30
Explanation:
your monthly salary is $120,000 / 12 = $10,000
you will work for 30 years or 360 months
APR = 12%, so monthly discount rate = 12% / 12 = 1%
Present value = $10,000 x annuity factor
PV annuity factor, 1%, 360 periods = 97.21833
present value = $10,000 x 97.21833 = $972,183.30
The advertisement does not constitute an offer because it lacks:
- Serious intention.
- Clear and reasonable defined terms.
- Communication to the recipient.
An offer is an economic term that refers to that property that is willing to be sold for a price. There are also other types of offers that are related to coupons or discounts for consumers to obtain a reward for their loyalty to a brand.
An offer must have three basic components to be considered true, these must be:
- Serious intention: This refers to the fact that whoever offers must make the offer in a formal, real and true way
- Clear and reasonable defined terms: This refers to the fact that whoever offers must establish the terms and conditions clearly and completely for consumers to access them.
- Communication to the recipient: This refers to the fact that whoever offers must communicate to the consumer through advertising or official communications the information necessary to complete a transaction.
Based on the above, it can be inferred that Pepsi did not make a true offer with its ad because the part in which a young man appears on a Harrier airplane had a humorous tone, this does not show Pepsi's intention to offer this service.
Learn more about an marketing in: brainly.com/question/10789897
For the answer to the question above asking, w<span>hich type of social media platform is the most like old media?</span>
<span>The media in existence before the arrival of the internet, such as newspapers, books, television, and cinema.
</span>So the would be News and Advertising
