Autorola plans to invest $5,000 per year in equal end-of-the-year amounts at an interest rate of 6% compounded annually. How much will the firm have at the end of four years?
What will be an ideal response?
Answer: FV = PMT × = $5,000 × = $21,873.08.
Business
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A perception that quitting smoking will cause a person to gain weight is an example of:
a. a behavior consequence or outcome b. self-efficacy c. interpersonal influences d. cost/benefit analysis e. "wrong-headed" thinking
Business
Average demand is estimated at 1,200 units/month. It is believed there is a 20% chance for demand to be higher than 1,800. Determine the ? and ? of a normal distribution that estimates demand
What will be an ideal response?
Business