Zheng Sen wishes to accumulate $1 million by the end of 20 years by making equal annual end-of-year deposits over the next 20 years. If Zheng Sen can earn 10 percent on his investments, how much must he deposit at the end of each year?

A) $14,900
B) $50,000
C) $117,453
D) $17,460


D) $17,460

Business

You might also like to view...

What is the name of the individual who is responsible for the safety of the judge and fororder within the courtroom?

a. Court clerk b. Bailiff c. Court reporter d. Court administrator

Business

You have spent the last 20 years of your career in various marketing channel management roles with a variety of companies. One of the things you have learned is that channel conflict can be very destructive to all members of the marketing channel. Which of the following actions would you take to ensure that channel conflict does not occur in your current role?

A. Encourage each member of the channel to act in its self-interest. B. Make sure the channel handles a diversified set of competing products. C. Minimize the level of communication among members of the channel so conflicts do not get started. D. Establish clearly-defined roles and responsibilities for each member of the channel. E. Maintain loosely-defined roles and responsibilities for each member of the channel so each feels like they have some independent decision-making ability.

Business

In small organizations the average executive pay to worker wage rate is ____________________, while in large organizations this same ratio is often ____________________.

Fill in the blank(s) with the appropriate word(s).

Business

PerfectSweatShirt Company makes and sells a high-end hoodie sweatshirt through an online website. After a recent order, Jane received a discount code she could give to a friend. She sent the code to her friend Amy, and when Amy used the discount code, Jane received a five-dollar credit on a future purchase. PerfectSweatShirt is using a(n)

A. owned media system. B. viral management technique. C. referral program. D. advertising allowance. E. product promotion activity.

Business