If college tuition and fees increase at an annual rate of 7% per year, and your little sister is currently starting her freshman year in high school,
what is the expected cost of her first year of college in four years if tuition and fees are currently $6,850 per year? How much for the start of her senior year of college starting three years after that?
What will be an ideal response?
Answer: FV = PV × (1 + r)n = $6,850 × (1.07)4 = $8,978.95. Three years later the annual tuition cost is $10,999.60.
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Fill in the blank(s) with correct word
Which of the following are generally not included within indirect procurement?
A. Maintenance B. Operating supplies C. Office equipment D. Components E. Repair
_____ provides the mechanism for evaluating marketing results in light of the marketing plan's goals and for correcting actions that do not help the marketing organization reach these objectives within the budget guidelines.
A. Control B. Implementation C. Reengineering D. Planning E. Budgeting
Customers perform information requests and transactions through a web interface rather than by contact with customer support staff.
What will be an ideal response?