Answer:
Utilizing his saving as a down payment and buying the car using an auto loan.
Explanation:
Answer:
b. It creates equality throughout society
Explanation:
Specialisation & Trade refer to tendency of countries to produce goods of their specialisation & trade them with each other , rather than each country producing each good.
It leads to increase in productivity from knowledge specialisation, based on advantage (absolute, comparative) based production. It also makes people better off, increase in welfare due to choice expansion among differing preferences.
However, it is not in anyways connected to equality throughout society.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Jill:
Weekly deposit= $96.15
The number of weeks= 30*52= 1,560
Interest rate= 0.098/52= 0.00189
Joe:
Annual deposit= $5,000
Number of years= 30 years
Interest rate= 9.8%
To calculate the final value of Jill and Joe, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= weekly/annual deposit
<u>Jill:</u>
FV= {96.15* [(1.00189^1,560)-1]} / 0.00189
FV= $916,853.88
<u>Joe:</u>
FV= {5,000*[(1.098^30)-1]} / 0.098
FV= $791,953.50
Answer:
Target marketing strategies is made in order to separate customers into several groups based on similar characteristics. After the separation, we will create a marketing strategy that can appeal to a specific group.
Typically, the target marketing strategies need to be done in 3 steps:
<u>1. Segmenting</u>
During this step, we need to find a characteristics that we want to use to divide the customers. (such as age, gender, health status, etc)
<u>2. Targeting</u>
During this step , we need to determine which characteristics we want to use as a target depending on the resources that we have on our disposal.
<u>3 Positioning</u>
During this step, we need to make various effort to make our product become appealing to that specific group. We can do this by changing the design, materials, or the way we advertise the product.
Answer:
NPV= $13160
Explanation:
To calculate the present value you need to use the Net Present Value. The NPV is the difference between the present value of cash inflows and the present value of cash outflows over a period of time.
The formula is:
n
<h3>NPV= -Io + ∑[Rt/(1+i)^t</h3>
t-1
where:
R t =Net cash inflow-outflows during a single period t
i=Discount rate of return that could be earned in alternative investments
t=Number of timer periods
In this exercise:
0= -13000
1= 6000
2= 6000
3=6000
4=6000
5=6000 + 3000 + 2500= 11500
NPV= -13000 + (6000/1.10^1) + (6000/1.10^2) + ... + (115000/1.10^5)
NPV= $13160
