Your university is running a special offer on tuition. This year's tuition cost is $18,000. Next year's tuition cost is scheduled to be $19,080
The university offers to discount next year's tuition at a rate of 6% if you agree to pay both year's tuition in full today. How much is the total tuition bill today if you take the offer?
A) $34,981.13
B) $36,000.00
C) $37,080.00
D) $38,160.00
B
Explanation: B) Via Calculator: N = 1, I = 6, FV = $18,000, Solve for PV = $18,000+$18,000 = $36,000.
You might also like to view...
Genevieve walked into the first day of her political science course and learned she and the professor disagreed on their choices of candidates for an upcoming election. She considers dropping the class. This example best fits which type of listening problem?
a. medium distraction b. failure to focus on the message c. situational distraction d. judging too soon
What methods of setting advertising budgets are directly based on company revenues? What are the disadvantages of such methods?
What will be an ideal response?
My leader is great at predicting the future based on past experiences. He is using which characteristic of a servant leader?
A. empathy B. awareness C. persuasion D. foresight
Choose two of the four tools of the promotional mix and use them as column headings in the table that follows. Then fill in the rest of the table by using the characteristics listed in the left column to describe the two tools. PROMOTION TOOL: Direct or indirect communication? Impersonal or personal? Amount of feedback? Speed of feedback? Content control? Sponsor identified? Speed in reaching large audience?
What will be an ideal response?