Answer and Explanation:
The answer is attached below
Answer:
You need to have in mind that you are looking at the present value because the lump sum is worth $50,000 today. You need to compare the present for 10 years of your life would be worth today.
So:
FV=0
N=10 X 12=120
PMT= 641
I=6.5% / 12= 0.5417%
Solve for PV= $56,451.91 (is larger than $50,000)
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Answer:
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