Global competition often reduces the product life cycle mostly because:__________

Answers

Answer 1

Global competition reduces the product life cycle traditional organizational structures and business models frequently change.

What is frequency?

A repeating event's frequency is measured by how frequently it occurs over a given period of time. In addition, it is frequently referred to as "temporal frequency" to highlight the distinction from "spatial frequency" and "ordinary frequency" to highlight the distinction from "angular frequency." Hertz (Hz), which is an abbreviation for one (event) per second, is the unit used to express frequency.

A repeating event's period, which is the reciprocal of frequency, is the amount of time required for one cycle to complete. For instance, the period, or T, between each heartbeat is equal to half a second if the heart beats 120 times per minute. The primary metric for defining the temporal rate of change in oscillatory systems in science and engineering is frequency.

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Related Questions

The six -month USD interest rate be 3%p.a.and the analogous JPY interest rate be 1%p.a.The exchange rate be ¥98 /$,and assume that the volatility of the annualized rate of appreciation of the yen relative to the dollar is 13 %. Use the option pricing model to determine the yen price of a six -month European dollar call option with a strike price of ¥100 /$(Hint : As the the exchange rates are as yen per dollar, the yen is the domestic currency in the option pricing model .)

Answers

To determine the yen price of a six-month European dollar call option with a strike price of ¥100/$, we can use the option pricing model, specifically the Black-Scholes model. In this case, since the yen is the domestic currency, we need to calculate the yen price of the option.

The key inputs for the option pricing model are as follows:

- Spot exchange rate: S = ¥98/$

- Strike price: X = ¥100/$

- Time to expiration: T = 6 months = 0.5 years

- Domestic interest rate (JPY): r_d = 1% per annum = 0.01

- Foreign interest rate (USD): r_f = 3% per annum = 0.03

- Volatility of the rate of appreciation: σ = 13% per annum = 0.13

Using these inputs, we can calculate the yen price of the option using the Black-Scholes formula:

d1 = (ln(S/X) + (r_d - r_f + σ^2/2) * T) / (σ * sqrt(T))

d2 = d1 - σ * sqrt(T)

N(d1) and N(d2) represent the cumulative standard normal distribution at d1 and d2, respectively.

Call option price = S * N(d1) - X * exp(-r_d * T) * N(d2)

Substituting the given values into the formula, we can calculate the yen price of the call option.

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Flash City Inc. manufactures small flash drives and is considering raising the price by 75 cents a unit for the coming year. With a 75−cent price​ increase, demand is expected to fall by​ 7,000 units. Current Projected Demand 78,000 units 71,000 units Selling price $8.50 $9.25 Incremental cost per unit $5.80 $5.80 Would you recommend the 75−cent price​ increase?

Answers

Answer:

Flash City Inc is a company manufacturing small flash drives

Current Situation:

Demand = 78,000 Units

Selling price per unit = $8.50

Cost per unit = $5.80

Operating Profit = 78,000 * ($8.50 – $5.80)

Operating Profit = 78,000 * $2.70

Operating Profit = $210,600

Projected Situation:

Demand = 71,000 Units

Selling price per unit = $9.25

Cost per unit = $5.80

Expected Operating Profit = 71,000 * (9.25 – 5.80)

Expected Operating Profit = 71,000 * 3.45

Expected Operating Profit = $244,950

Recommendation: If the selling price price per unit is increase by 0.75 cent, the Operating Profit to realize on manufacturing of the small flash drive will increase by $34,350 ($244,950  - $210,600) although such increment may have an effect of decrease in demand of the Flash drive in market due to increase in price.

Answer:

The $0.75 price increase will result in higher profits.

Explanation:

                                     Current Demand       Projected Demand

Units sold                        78,000 units               71,000 units

Selling price                        $8.50                          $9.25

Cost per unit                       $5.80                          $5.80

Contribution margin           $2.70                          $3.45

Gross profit                      $210,600                   $244,950

The price increase will result in gross profit increasing by $34,350. The decrease in the quantity demanded is offset by a larger increase in the contribution margin per unit.

Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E

Answers

The reason why buying a car considered "bad debt"is that It decreases in value over time. option A

What is  bad debt?

The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books,  then things turn to uncollectible and is recorded as a charge-off.

It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases  interest charges increase how the amount that is been paid for the vehicle.  and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.

Hence, option A is correct.

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Which career do you think it would be most difficult to break into and why?

Answers

Answer:

Professional athlete

Explanation:

A lot of work and not a lot of free-time.

Nurses (




Nursing is an incredibly stressful career. ... In fact, stress and burnout affect 10-70% of nurses.

the key to successfully competing is understanding what customers want and then satisfy those wants. multiple choice designing products and services that finding suppliers who can hiring enough workers to finding the best way to training production workers to

Answers

The key to successfully competing is understanding what customers want and then finding the best way to satisfy those wants.

Time-based strategies are used to reduce lead times. H. The amount of time from when your order is received until the product is shipped. Companies that can produce faster often have lower costs. These companies can use lean manufacturing to speed up their processes. Operations management monitors an organization's entire operating system.

Operations management is essential for businesses to seamlessly manage their day-to-day activities. Operations management controls all processes and addresses issues such as system design operation Successfully competing maintenance and improvement. Operational strategies provide opportunities to improve products services and processes. To develop a strategy consider business Corporate strategy and market needs analysis.

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What is
prioritizing?

Answers

prioritizing is treating something more important that others.

Explanation:

Answer:

Prioritization is the activity that arranges items or activities in order of importance relative to each other.

Explanation:

The Township of Thomasville’s General Fund has the following net resources at year end:

$69,000 of prepaid insurance
$410,000 rainy day fund approved by the township governing board with specific conditions for its use
$1,800 of supplies inventory
$60,000 state grant for snow removal
$150,000 contractual obligations for the purchase of equipment
Outstanding encumbrance of $105,000 for the purchase of furniture & fixtures (assume no contractual obligation)
Total Fund Balance is $1,010,500
What would be the total Unassigned fund balance?

Answers

Answer:

I don't know

Explanation:

:( Working on I'll update this soon

Choose a real or made up example of a company, and describe at least three fixed costs the company has. (1-3 sentences. 1.5 points)

Answers

Answer:

Dominos also has many fixed costs. Some examples include rent, ovens, and refrigerators.

Explanation:

The fixed cost remains the fixed it never be changed.

Fixed cost;It is the cost that should be the same whether the production level increased or not. If we take an example of dominos, so here the fixed cost could be in form of rent, ovens, refrigerators. It is the part of the organization expense.

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Suppose the government of Mexico runs a budget deficit. This will result​ in: A. an increase in interest rates in Mexico and an increase in the value of the peso relative to other currencies. B. a decrease in interest rates in Mexico and an increase in the value of the peso relative to other currencies. C. a decrease in interest rates in Mexico and a decrease in the value of the peso relative to other currencies. D. an increase in interest rates in Mexico and a decrease in the value of the peso relative to other currencies.

Answers

Answer:

I belive Is A Please Tell me if I'm wrong or right

How might a business encourage its employees to participate in a retirement investment plan?

A. By charging fines to those who do not sign up
B. By offering a limited selection of plan options
C. By charging higher transaction fees than brokers
D. By offering plans with strong returns and high fees

Answers

A business can encourage its employees to participate in a retirement investment plan by offering plans with strong returns and high fees. Hence, Option D is correct.

What is the meaning of an investment plan?

Investment planning is the process of coordinating your financial objectives with your available investment capital. It is the key element of financial planning that ensures you make the most of your savings and ensures you invest money to increase its value.

A systematic investment plan is a type of investment vehicle that many mutual funds provide to investors, enabling them to make regular, small investments rather than one large one.

Offering plans with high returns and low fees is one way for a company to entice staff to join a retirement investment plan.

Therefore, Option D is correct.

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Which of the following statements about magazines is true? A. The return on advertising dollars is higher for magazines than for any other medium B. Magazines benefited from the fact that newspapers made photojournalism popular C. The niche marketing strategy has been a failure for magazines

Answers

The correct option among the following statements about magazines that is true is A. The return on advertising dollars is higher for magazines than for any other medium.

What is a magazine?A magazine is a type of publication that is printed at frequent intervals, typically weekly, monthly, or quarterly, with a variety of content. They are usually financed by advertising, by a purchase price, or a combination of the two.Types of magazines include entertainment, news, sports, fashion, lifestyle, men's magazines, women's magazines, children's magazines, and others. The majority of magazines are bought by subscription or on newsstands. The three primary phases of magazine production are pre-production, production, and post-production.What is advertising?Advertising is a form of communication that promotes or sells a product or service. Advertising is used by businesses and organizations to draw attention to a product or service in order to increase sales or attendance. Advertising has been done in a variety of media, including television, radio, the Internet, and print media such as newspapers and magazines.Magazines as a medium for advertisingWhen it comes to the most profitable mediums for advertising, magazines have been demonstrated to have a high return on investment. Magazines are typically more expensive to advertise in than newspapers or other forms of media, but they have been shown to provide a higher return on investment in terms of advertising dollars.The magazine industry has changed in recent years, with more businesses turning to niche markets to advertise their products. Niche publications, such as children's magazines, men's magazines, women's magazines, sports magazines, and others, have increased in popularity as a result of this trend. Advertisers can reach a more targeted audience by advertising in niche magazines that focus on specific subjects, demographics, or interests. Hence, the correct option among the following statements about magazines that is true is A. The return on advertising dollars is higher for magazines than for any other medium.

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Final answer:

Photojournalism's popularization by newspapers has benefited magazines. However, return on advertising investment can fluctuate with several factors, and niche marketing success varies among magazines.

Explanation:

The correct answer to this question is that magazines have benefited from the fact that newspapers made photojournalism popular. This is due to the fact that, once newspapers demonstrated the impact of adding visually engaging images to articles, magazines followed suit, enhancing their appeal to readers. It should be noted that the return on advertising dollars can vary greatly depending on the medium, the type of product or service being advertised, and the target audience. There is no definitive answer that one medium always yields a higher return on advertising dollars than another.

Similarly, whether the niche marketing strategy has been a failure or success for magazines is contingent on a host of factors, such as the particular niche, the quality of the content, the strength of the competition, and many more. Therefore, it cannot be stated definitively that it has been a failure for magazines in general.

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What is misleading about the term “overdraft protection”? please answer will give brainliest to the first

Answers

Answer:

"Overdraft protection is a misleading term, because it doesn't protect you from overdrafting," Schliep said, after paying the bank back for the charges. "It allows you to overdraft when you don't have enough money in checking so you're not embarrassed by getting your card denied."

Explanation:

Answer:

it makes it sound beneficial but it will take money from you.

With overdraft protection, if you don't have enough money in your checking account, checks will clear and ATM and debit card transactions will still go through. If you don't have enough overdraft protection to cover a shortfall, transactions won't go through, and fees may be high.

Explanation:

The interbank market is the money market in which banks borrow or lend among themselves. One interest rate at which funds are offered to first-class banks is called LIBOR. What does the "L" in this abbreviation stand for?

Answers

The "L" in LIBOR stands for "London." LIBOR is an acronym for London Interbank Offered Rate. It is a benchmark interest rate used in the interbank market, where banks borrow or lend among themselves. LIBOR is commonly used as a reference rate for various financial instruments such as loans, mortgages, and derivatives.

To provide more context, the interbank market is a critical component of the global financial system. Banks participate in this market to manage their liquidity, to meet reserve requirements, or to provide short-term loans to other banks in need of funds. LIBOR is determined based on the average interest rate at which first-class banks are willing to lend unsecured funds to each other. It is published daily in various currencies and for different loan maturities.

As a key interest rate, LIBOR influences borrowing costs for individuals, businesses, and governments around the world. It is an essential tool for central banks in implementing monetary policy and ensuring stability in the financial system. However, due to some rate manipulation scandals, LIBOR is being replaced by alternative reference rates, such as the Secured Overnight Financing Rate (SOFR) in the United States.

In summary, the "L" in LIBOR represents "London," and the full abbreviation stands for London Interbank Offered Rate, a vital benchmark interest rate in the global interbank market.

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Wha is risk return trade off meaning?

Answers

Risk-return trade-off refers to the balance between the risk involved and the potential return that can be gained.

This concept is used in finance, economics, and investment management to assess the amount of risk one can take in exchange for a potential return.

Risk is defined as the possibility of incurring a loss, while return refers to the amount of profit that one can earn from an investment. When making investment decisions, it is important to evaluate the amount of risk involved and the potential return that can be gained.

The higher the risk involved, the higher the potential return.

However, higher risk also means the potential for greater loss. The concept of a risk-return trade-off is used to help investors make informed investment decisions.

The trade-off between risk and return varies depending on an individual's goals, investment horizon, and risk tolerance. It is important to strike a balance between the two to achieve one's investment objectives.

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a flexible budget shows what budgeted amounts should have been at the actual level of activity. as a result of this change in activity, the flexible budget will show a change in total ______.

Answers

Flexible budgeting will show a change in the total of what fixed costs, variable costs and what revenues should have been at the actual level of activity.

Flexible budgeting differs from static budgeting in that it includes a leeway in organizational budgets according to production or sales in a given period.

This type of budget is prepared at the end of the accounting period and is used for organizational control purposes, as it allows for unforeseen situations that may occur in the micro or macro environment.

Therefore, flexible budgeting is used as a control instrument that considers costs as variables based on defined estimates.

Its main advantage is its greater flexibility and ability to keep budgets up to date.

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- revenue

- variable cost

NOT

- fixed costs

- fixed costs in the flexible budget will be the same as fixed costs in the static or master budget.

Carl's monthly take-home pay is $2,000 and his monthly rent is $500 if both his monthly take-home pay in his rent increase $100 what percentage of Carl's take-h...

Answers

Answer: 28.6%

Explanation:

how much lower (expressed in $’s) is, on average, the inventory cost for dirt cheap compared to kwiki-mart of a house hold cleaner valued at $15?

Answers

The inventory cost for dirt cheap and kwiki-mart of a household cleaner valued at $15 can vary depending on various factors, including the quantity purchased, shipping costs, and the suppliers' pricing strategies. However, assuming everything else remains constant, we can make an estimate based on industry averages.

Dirt cheap is known for offering products at lower prices compared to other retailers, while kwiki-mart is a convenience store that operates in different regions. Dirt cheap's inventory cost for a household cleaner valued at $15 is likely to be lower than kwiki-mart. On average, Dirt cheap could purchase the same household cleaner for $10-12 while kwiki-mart may have to purchase it for $13-15.

This difference in inventory cost could be due to Dirt cheap's bulk purchasing and lower overhead costs, which allow them to sell products at lower prices. Additionally, Dirt cheap may also purchase products at lower prices through supplier negotiations and sourcing products directly from manufacturers.

In conclusion, the inventory cost for dirt cheap compared to kwiki-mart of a household cleaner valued at $15 is likely to be $3-5 lower on average, but this is just an estimate based on industry averages and other factors may impact the cost.

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Which completes the equation?
O + A + Consideration (+______) = K

Legal capability
Legal capacity
Legal corporations
Legal injunction

Answers

"Legal capacity" is the final term that completes the equation.

What is the full legal age?

What a person is legally capable of doing depends on the rules and regulations of the legal system. It is a fiction with no underlying reality that every legal system uses to establish a relationship with its constituents.

What does the legal competence to contract mean?

A party has the legal authority to enter into a contract if they have the capacity to do so. Capability also implies that a person must be legally competent. A person's ability is determined by two factors: whether they are of legal age to enter into contracts and if they are mentally able to do so.

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i gtg see ya all HAhahaahahahahaah

Answers

.-.

uhhhh................

*triggered*

Answer:

byeee

Explanation:

Suppose that the least amount of goods and services that Scott will consume in a year is $40,000. Scott tends to save $0.30 o
every dollar of disposable income that he makes. Use the given line to graph Scott's consumption function for disposable
income levels between $0 and $200,000. Move each endpoint to the appropriate spot on the graph.

Suppose that the least amount of goods and services that Scott will consume in a year is $40,000. Scott

Answers

Answer:

Explanation:

Answer:

Explanation:

A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is a:

Answers

The name which is given to a group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is known as a:

Cartel

According to the given question, we are asked to show the term which can be best used to describe a group of sellers who make an agreement to reduce their collective output so that price of goods would increase above their marginal costs.

As a result of this, we can see that this group of people in the business world are known as cartel because they behave unethically so that they could have increased profit on sales.

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Suppose all your friends offered to watch your car. Would
marginal physical product decline as more friends helped? Why or
why not?

Answers

MPP will decline, and the number of people watching the car will become unproductive.

The marginal physical product (MPP) will eventually decrease as more friends help to watch the car. The concept of the Law of Diminishing Marginal Returns implies that the marginal productivity of any input decreases as we add more of it into the production process. It states that as additional units of an input are added to the production process, after a certain point the marginal product decreases and goes negative due to decreased efficiency and returns. There is a limit to the production efficiency, and as additional inputs are added, it becomes increasingly difficult to manage the outputs of these inputs without disturbing the production processes.

In this case, each additional friend may lead to a reduction in marginal physical output (MPP), indicating that each additional friend has a progressively smaller impact on the output produced by the process as a whole. The reason for the MPP decline is that each friend may add value to the vehicle's security, but there is a limit to how much security can be added, and after a certain point, each additional person adds less and less value. Therefore, in the end, the MPP will decline, and the number of people watching the car will become unproductive.

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what elements are usually included in a sponsorship agreement?

Answers

A sponsorship agreement often has the following terms: exclusivity, the right to renew, a first refusal clause, specific guidelines for the use of trademarks, and payment information.

What is sponsorship agreement?

A sponsorship agreement is a formal contract that two parties—a sponsor and sponsee—use to lay out the terms of a legal agreement for things like services rendered, promotion rights, merchandise, confidentiality, applicable law, and more. Three different kinds of event sponsorships Branding: With the use of these chances, sponsors can show attendees their brands. Opportunities to collect sales leads are provided by these sponsors. Networking - Through these chances, sponsors can get to know participants personally. The following clauses are frequently included in a sponsorship agreement: exclusivity, the right to renew, a first refusal provision, precise instructions for the use of trademarks, and payment details.

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If a product concept is explained and described to a small number of
individual consumers to receive their impressions and feedback, what name
is often given to that small test group?

A. Prototype
B. Sample audience
C. Test market
D. Focus group

Answers

Usually D.) Focus Group

They are a small group of people who will review and give feedback on a test product. The other alternative (B, sample audience) is for when the product is usually already in its earl development stage. (Not a prototype)

The product concept is introduced and detailed to a small number of individual consumers in order to obtain their views and input, the small test focus group is frequently given a name.

What is  is the focus group?

A focus group is defined as a market research technique in which 6-10 individuals gather in a room to offer input on a service, product, concept, or marketing campaign.

A qualified moderator leads a 30-90-minute group discussion geared to acquire useful information. The primary goal of focus group research is to elicit respondents' attitudes, feelings, beliefs, experiences, and responses in ways that other approaches.

The focus group is required in order to acquire their opinions and comments, the product concept is introduced and explained to a small number of individual consumers.

Therefore, option D is correct.

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Current Attempt in Progress Marigold Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows. Prepare a monthly manufacturing overhead flexible budget for 2022 for the expected range of activity, using increments of 940 direct labor hours. (List variable costs before fixed costs.)

Answers

The monthly manufacturing overhead flexible budget for 2022, based on increments of 940 direct labor hours, is as follows: Variable costs: $2.30 per direct labor hour for the first 940 hours, $3.50 per direct labor hour , and so on.

Current Attempt in Progress Marigold Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows:

Variable manufacturing overhead costs per direct labor hour: $2.30Variable manufacturing overhead costs per direct labor hour: $3.50In this case, the fixed cost of the manufacturing overhead is $6,200.

Prepare a monthly manufacturing overhead flexible budget for 2022 for the expected range of activity, using increments of 940 direct labor hours.

(List variable costs before fixed costs.)Calculation of variable costs:

Direct labor hour 940-1879:Total manufacturing overhead cost = (940 × $2.30) + $6,200 = $8,962

Direct labor hour 1880-2819:Total manufacturing overhead cost = (940 × $2.30) + (940 × $3.50) + $6,200 = $18,562

Direct labor hour 2820-3759:Total manufacturing overhead cost = (940 × $2.30) + (1880 × $3.50) + $6,200 = $28,162

Direct labor hour 3760-4699:Total manufacturing overhead cost = (940 × $2.30) + (2820 × $3.50) + $6,200 = $37,762

Direct labor hour 4700-5639:Total manufacturing overhead cost = (940 × $2.30) + (3760 × $3.50) + $6,200 = $47,362

The monthly manufacturing overhead flexible budget for 2022 for the expected range of activity, using increments of 940 direct labor hours is given above.

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true or false
You should prioritize goals by putting them in order of importance

Answers

Answer:

true

Explanation:

because thats what you should do

The (blank)
is responsible for scheduling work throughout the factory.
factory manager
production planner
first-line supervisor
industrial engineer

The (blank)is responsible for scheduling work throughout the factory.factory managerproduction plannerfirst-line

Answers

Factory manager. Manages the workers on the factory floor in a general manner...
Schedules, people calling out sick, vacation schedules, HR, help with hiring people, and a lot more.

Production planner’s job is to plan production specifically, not deal with a people’s work schedule.

First-line supervisor is on the floor, “front line”, dealing with daily issues involving the work itself (done by the workers... supervisor supervises).

The industrial engineer is the person who designs the project that the factory is working on (nothing to do with scheduling).

Answer:

Factory manager

Explanation:

i took the test

Performance Assessment Task
Jrotc

This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.

Answers

The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.

The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.

Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.

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Speech and debate question Which of the following would not be considered a part of a good closing A leaving the audience thinking about something they have learned. B saying that’s it. C saying something interesting or D asking the audience to do something you know they will feel motivated to do

Answers

The option that would not be considered a part of a good closing is saying that’s it.

What are the types of speeches?

The four types of speeches are made:

To informTo instructTo entertainTo persuade

A person may have a lot of purposes in mind when giving your presentation and the closing statement is very important.

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Answer:

B) saying "that’s it"

Explanation:

I just took the speech and debate final and got it correct.

You invest $11,000 into a savings account that pays an annual interest rate of 11.00%. How much would you have in your account after 12 years?
A. $20,549
B. $24,010
C. $27,272
D. $30,343
E. $33,231
F. $35,942
G. $38,483
H. $40,861

Answers

The value of the investment in a savings account that pays an annual interest rate of 11% after 12 years is: Option C) $27,272.

How to find?

The formula for finding the future value of a present sum is:

\(FV = PV(1 + r)ⁿ\)

Where,

FV is the future value,

PV is the present value,

r is the annual interest rate,

n is the number of years.

So, we have:

FV = $11,000(1 + 0.11)¹²

FV = $11,000(1.11)¹²

FV = $27,272 (rounded to the nearest dollar).

Thus, the value of the investment in a savings account that pays an annual interest rate of 11% after 12 years is $27,272.

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