Client-side marketing researchers are frequently obliged to submit proposals before beginning research if they intend to carry out studies on behalf of their own companies is True
Explain about the Market research proposal?
The purpose of a market research proposal is to offer your services to potential clients by outlining the benefits of working with you on their project or research study.
Making crucial business decisions, obtaining investments and funding, identifying new company prospects, and even preventing business disasters are some of the broad objectives that market research may assist firms in achieving.
In roughly 3-5 pages, the proposal should cover the problem statement, objectives, research methodology, research activities, and a timetable. Here is a sample proposal that you can use as a guide. Every building project is different from the next, and each one has its own operating environment and set of technical specifications.
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collected data that may be accessed and analyzed using tools and techniques that assist managers in decision making is representative of a decision support system. true false
A marketing decision support system is a collection of data that can be accessed and examined by managers utilizing tools and processes.
What part does marketing research play in the decision-making process?A decision support system is an example of collected data that can be accessed and analyzed using methods and tools that help managers make decisions.
Information that is pertinent to decision-making is provided by marketing research, which benefits marketing management. Marketing research neither determines the course of action nor ensures success. Instead, market research assists in lowering the level of confusion surrounding the choices to be made. When we asked 2,000 Customer Experience (CX) specialists about their company's approach to research, surveys emerged as the most popular way of market research.
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Compound interest is interest charged on:
Compound interest is the interest charged on the principal and the interest that accrues (Option B).
What is interest?From a financial perspective, interest is the money charged on lending or borrowing a particular sum of money. It is important to mention that interest is expressed in terms of percentage.
Compound interest highlights interest that is calculated on the principal amount and also the interest amount that has been already accrued. Hence, compound interest includes the interest that is paid on the principal amount and also the interest amount that is paid on the interest itself.
It can be concluded that compound interest is the interest charged on the principal and the interest that accrues.
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which of the following appraisal approaches would be most appropriate for a public school? select one: a. market data. b. cost. c. capitalization. d. gross rent multiplier.
The correct answer is Option B.
The cost approach is most commonly used in public buildings like schools and churches.
What is appraisal approach?The cost, market comparison, and income approaches are the three different approaches or methods for conducting an appraisal. These approaches are economic models that represent various methods of estimating property value.All types of improved property can be appraised using the cost approach. It is the most dependable method for valuing one-of-a-kind properties. The cost approach provides a value insight that is the sum of the estimated land value plus the dropped in value cost of the building and other developments.When determining the Market Value of a property, appraisers use three approaches to value in Appraisal Practice: The Sales Comparison Method. The Cost Method. The Income Strategy.To learn more about appraisal approach refer to :
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define the investment trade-off. multiple choice question. an increase in investment expenditure designed to boost future consumption a reduction in investment expenditure designed to boost current consumption a reduction in current consumption to pay for investment capital an increase in consumption designed to increase investment
The risk-return tradeoff is an investment principle that indicates that the higher the risk, the higher the potential reward. To calculate an appropriate risk-return tradeoff, investors must consider many factors, including overall risk tolerance, the potential to replace lost funds.
A trade-off (or tradeoff) is a situational decision that involves diminishing or dropping one nice, quantity, or belongings of a set or design in go back for profits in different components. In easy phrases, a tradeoff is in which one component will increase, and every other should decrease. Tradeoffs stem from barriers of many origins, such as easy physics – for example, best a certain volume of gadgets can fit right into a given area, so a complete container should remove some gadgets a good way to accept any greater, and vessels can bring a few massive items or multiple small gadgets. Tradeoffs additionally commonly seek advice from extraordinary configurations of an unmarried item, which includes the tuning of strings on a guitar to enable one-of-a-kind notes to be performed, as well as an allocation of time and attention towards different responsibilities.
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in an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expenditure equals $325 billion, investment equals $510 billion, and net capital outflow equals $225 billion. what is national saving? a. $1,390 billion b. $225 billion c. $735 billion d. $510 billion
The national saving is $225 billion as the consumption exceeds the savings in an open economy.
What is Gross Domestic Product?
The market worth of all the finished goods and services that nations produce and sell in a certain time period is measured in dollars by their gross domestic product (GDP). This measurement is frequently reviewed before being regarded as a valid indicator due to its subjective and complicated character and can be gained by economic growth propering the economy.
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Martina has decided to structure her new business venture to provide liability protection while gaining tax benefits over alternative structures. Her attorney has prepared the operating agreement and advised her of the complexities and expense of setting up this structure. Which of the basic types of ownership has martina chosen?.
LLC basic types of ownership Martina chose when she decided to structure her new business venture to provide liability protection while gaining tax benefits over alternative structures.
The business form known as a limited liability corporation (LLC) provides pass-through taxation and limited liability protection. The LLC has a separate legal existence from its owners, just like corporations do. As a result, owners are frequently exempt from liability for the debts and obligations of the company. In this way, Martina was able to choose basic ownership to gain tax benefits providing protection from liability. Most people use LLCs in order to shield themselves from personal responsibility for the debts of the companies they control or are affiliated with.
Since the firm is now an LLC, neither the owners nor the management is responsible for the obligations and liabilities incurred by the company. A new company entity that is legally distinct from its owners is created when an LLC is formed. This division offers what is referred to as "limited liability protection. Generally speaking, the bank account and other assets of the LLC are subject to seizure by the LLC's creditors if the LLC is unable to pay its debts.
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your late aunt gertrude left you a couple of shares of microsoft in her will, which she bought for you on the day you were born. recently, there have been rumors of microsoft acquiring a well-known social media app which you frequently use. you think this is a great idea and would like to have your (very small) voice be heard as a shareholder of microsoft.must microsoft get the approval of you, and other shareholders, before acquiring the other company?
In my opinion, The company doesn't need approval from him, because when you invested your money in the company that means you approve that they managed it. So, people who conduct and have a right to approval about acquiring the other company are all members at Microsoft who has the responsibility to do it.
An acquisition can be described as process when one company purchases most or all of another company's shares to gain control of that company. Purchasing more than 50% of a target firm's stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company's other shareholders.
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PLEASE HELP!!!! I’ll give you brainliest!!
What is a worksheet?
A) a feature of OneNote
B) a file in Excel
C) an application for Word
D) a spreadsheet in Excel
peta spoke with deanna about how long it should take to finalize menu items and coupon values. what are some risks that might affect the time estimate for uploading menu and coupon content? select all that apply.
The risks that might affect the time estimate for uploading menu and coupon content are unpredictable carter's schedule and Carter want to revamp the menu before he finalizes the menu and coupon information.
What is project management ?Project management is the process of carrying out certain project goals in accordance with predefined parameters by using procedures, techniques, abilities, knowledge, and experience. Project management final deliverables are subject to time and budget constraints.
The fact that project management has a final outcome and a limited time frame as opposed to management, which is a continuing process, is a crucial aspect differentiating it from simple management. Therefore, a project professional requires a varied set of skills, including various technical ones, as well as strong people-management and commercial acumen.
When a company seeks to offer a solution to specified needs within a given budget and time limit, it engages in projects, which are distinct from business as usual activities.
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The complete question is mentioned below :
Peta spoke with Deanna about how long it should take to finalize menu items and coupon values.
What are some risks that might affect the time estimate for uploading menu and coupon content? Select all that apply.
a. Carter's schedule can be unpredictable
b. Restaurant customers are not interested in coupons
c. Waitstaff have not yet been trained to use the tablets
d. Carter wants to revamp the menu before he finalizes the menu and coupon information
martha's recently paid an annual dividend of $3.60 on its common stock. this dividend increases by 2.5 percent per year. what is the market rate of return if the stock is selling for $32.65 a share?
The stock is selling for $32.65 a share is 13.80%.
What is stock?
Stock (also known as capital stock) in the financial industry refers to the shares into which ownership of the a corporation is divided. A single share of stock represents a fractional ownership interest in the company based on the total number of shares. This usually entitles the shareholder (stockholder) to the that portion of the company's earnings, proceeds from the sale of company assets, or voting power, dividing these items frequently in proportion to the sums invested by each stockholder. Not every class of stock is created equal; some may have enhanced voting rights, no voting restrictions, or a specific priority to receive profits as well as liquidation proceeds either before or after both these classes of shareholders.
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according to the rule of 70, if gdp per person is growing at a rate of roughly 3.4%, approximately how many years will it take for average income to double?
According to the rule of 70, if GDP per person is growing at a rate of roughly 3.4%, approximately it will take 21 years for average income to double.
Write a short note on gross domestic product?The term "gross domestic product" is used to quantify the market value of all final products and services produced and sold (not resold) by nations within a specific time period in dollars (GDP). Due to the measurement's complexity and subjectivity, it must be repeatedly adjusted before it can be considered a reliable indicator. In contrast to nominal GDP, which is better for comparing national economies on the international market, utilizing GDP per capita at Purchasing Power Parity (PPP) may be more beneficial for comparing living standards between nations. However, differences in the cost of living and inflation rates of the nations are not reflected in GDP (nominal) per capita. It's also possible to calculate how much each sector or industry contributes to overall GDP.
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The complete question is mentioned below :
According to the rule of 70, if GDP per person is growing at a rate of roughly 3.4%, approximately how many years will it take for average income to double?
52132149jon is able to get his employees to support his vision for the department because he is a self-confident leader who is enthusiastic and excited about his vision. jon is a(n) leader whose style may be particularly effective when organizations are undergoing transformations.
Jon is able to get his employees to support his vision for the department because he is a self-confident leader who is enthusiastic and excited about his vision. Jon is a(n) charismatic leader whose style may be particularly effective when organizations are undergoing transformations.
What is charismatic leader?
Charismatic leaders are those who are assertive, self-assured, and capable of sharing their vision with followers.
A charismatic leader can enthuse followers to eagerly support their vision because of their energy, dominance, and self-assurance.
A captivating leader must have a vision and exude enthusiasm when sharing it with others.
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based on what we have already discussed about the different jurisdictions rule, how many inspections should a supervisory appraiser expect to make with a trainee appraiser before the trainee appraiser is competent to make solo inspections?
After the first year, a Trainee Appraiser should be able to inspect a complicated property without supervision.
If the credentialing authority permits it, a trainee appraiser should be permitted to inspect a property alone. The Supervisory Appraiser should independently inspect the property once the Trainee Appraiser has finished the examination and written the property description to make sure the observations and description are accurate.
As shown by the following, Supervisory Appraisers are accountable for the instruction, direction, and direct supervision of their Trainee Appraisers:
They certify that the assessment complies with USPAP and sign the report to accept responsibility for the appraisal. Supervisory Appraisers must be willing to bear the time-consuming responsibility of reviewing and signing the appraisal reports written by Trainee Appraisers.Until she is certain the Trainee Appraiser is capable of inspecting the property independently and in line with the USPAP Competency Rule, the Supervisory Appraiser personally inspects each appraised property alongside the Trainee Appraiser. A Supervisory Appraiser who takes this role seriously should be appreciated by trainees. A Supervisory Appraiser who does not assign property inspections before they are qualified deserves respect from trainees.To know about appraisal interviews: https://brainly.com/question/13795016
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which function of oversight is carried out to determine whether the correctional agency is meeting established performance indicators, standards, or policies, or whether it is being fiscally responsible?
The Audit function of oversight is carried out to determine whether the correctional agency is meeting established performance indicators.
What's oversight function?
An oversight refers to the review, monitoring, and supervision of civil agencies, programs and policy perpetration, and it provides the legislative branch with an occasion to check , examine, review and check the administrative branch and its agencies.
What's the part of audit oversight board?
The purpose of Audit Oversight Board( AOB) is to oversee the external adjudicators of agencies who review the listed companies. Its establishment is anticipated to ameliorate the quality of the audited fiscal statements and to increase the confidence of the public on the quality of the services handed by the adjudicators.
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According to the coase theorem, which situation would most likely result in a private bargaining solution and yield an efficient market?.
The Coase theorem states that when externalities are present, the private market will require government intervention to provide an efficient result.
The Coase Theorem is what?According to the Coase Theorem, granting property rights can mitigate harmful externalities in some situations. A Forrester might manage their forest, for instance, to ensure its lifespan and safeguard it from fires. The ability to sell logs in upcoming years is an incentive to do this.Ronald Coase, an economist, first proposed the Coase theorem in his 1960 paper, "The Problem with Social Cost." He demonstrates how conflicting property rights can lead to ineffective economic outcomes. Uncertainty about property rights might lead to disagreements.Where a company might pollute a river is one such instance of the coase theorem. Conversely, people who gain from strolling past the river and taking in the scenery experience a negative externality. The river could contain bottles and other objects that are unpleasant. The right to the river does not belong to either the company or the person. What happens has a negative impact on the person crossing the river.To Learn more About Coase theorem refer to:
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Which of these stores uses a fulfillment center? A: 7-11 B: Dunkin' Donuts C: Amazon D: Comet Dry Cleaner
The store which uses a fulfillment center is: C. Amazon.
What is supply chain management?Supply chain management can be defined as an effective and efficient management of the supply or flow of goods and services, as well as all of the production processes that are involved in the transformation of raw materials into finished products, in order to meet the insatiable want and need of the consumers on a timely basis.
This ultimately implies that, the supply chain management (SCM) simply refers to a strategic process which encompasses all of the activities that are associated with planning, innovation, execution, frequent communications, and supply of finished goods and services to the consumers on a timely basis.
What is a fulfillment center?A fulfillment center is also referred to as a packaging warehouse and it can be defined as a portion of the supply chain which primarily serves as the central hub for all logistics processes that are required to get a product (good) from the seller to the consumer (buyer).
In conclusion, Amazon is a typical example of a store that makes use of a fulfillment center.
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Which type of market is the one in which a person buys stock in the fast-food company that makes their favorite breakfast sandwich?.
Financial markets are those in which a person purchases stock in a fast-food company.
What is Financial markets?A financial market is a market in which financial securities and derivatives are traded at low transaction costs. Stocks and bonds are examples of securities, as are raw materials and precious metals, which are known as commodities in the financial markets. Financial markets encompass any location or system that allows buyers and sellers to trade financial instruments such as bonds, equities, various international currencies, and derivatives. Financial markets facilitate the interaction of those in need of capital and those with capital to invest. Financial markets, in general, refer to any market where securities are bought and sold. The stock market, bond market, and commodities market are all examples of financial markets.To learn more about Financial markets, refer to:
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fitzgerald inc.manufactures and sells a single product for $20 per unit. if variable expenses are 60% of sales and fixed expenses total $9,600, the break-even point will be:
Break-even sales is:
$16,000 .
What is break even point?The break-even point refers to the point for which total costs and total revenue are equal, implying that your small business has no loss or gain. In these other words, you've reached the point where the costs of production equal the revenues for a product.Here given:
Selling price = $20
The variable expenses = 60%
= 60% of $20
= $12
Given fixed cost = $9,600
Contribution margin is calculated as follows:
contribution margin = (selling price - variable expenses) / selling price.
∴ contribution margin = (20 - 12) / 12
= 0.66
To Computation of break-even sales:
Break-even sales = Fixed cost / contribution margin .
Break-even sales = $9,600 / 0.6
Break-even sales = $16,000
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An incoming mba student took placement exams in economics and mathematics. In economics, she scored and in math. The overall results on the economics exam had a mean of and a standard deviation of , while the mean math score was , with a standard deviation of. On which exam did she do better compared with the other students?.
The term "standard deviation" describes how far a data collection deviates from the mean (or ""). A low standard deviation means that the data are grouped around the mean, whereas a large standard deviation says that the data are more spread out.
What is the standard deviation explained?The standard deviation is a measure of how variable your data set is on average. It displays the standard deviation of each score with respect to the mean.
Standard deviation is important because it makes measurements easier to understand when the data is dispersed. The more equally distributed the data is, the bigger the standard deviation of the data will be.
When SD is larger than mean, it may indicate that the data's distribution isn't symmetrical or normal. As a result, the mean cannot be a reliable indicator of central tendency when the data does not follow a normal distribution.
Continuous data, not categorical data, are summarized using the mean and standard deviation. Additionally, just like the mean, the standard deviation is typically only acceptable when the continuous data is not noticeably skewed or contains outliers.
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during 2021, paris 21 co. sold inventory to its 100%-owned subsidiary, tiger co. the inventory cost $30,000 and was sold to lord for $39,000. from the perspective of the combination, when is the $9,000 gain realized?
From the perspective of the combination, the $9,000 gain realized when the goods are sold to a third party by Tiger co.
What is realized gain?When an investment is sold for more than it cost to buy it, a realized gain occurs. Capital gains tax is frequently imposed on realized gains. Either a short-term or long-term gain will be regarded as having occurred, depending on the holding duration.
Thus take the difference in the total consideration of the received and then deduct the cost basis to arrive at the realized gain or loss. Positive differences represent realized gains. No matter when you sell your investment property, all realized gains will be regarded as income and subject to taxation. The tax you pay can be as high as 37% because short-term capital gains are virtually always taxed at regular income rates.
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In the hiring process, ____________ are people who are willing to confirm the job candidate's previous employment and discuss the candidate's qualifications for the job being applied for.
A.
Subcontractors
B.
Classifieds
C.
Personnel
D.
References
In the hiring process, Classifieds are people who are willing to confirm the job candidate's previous employment and discuss the candidate's qualifications for the job being applied for.
The term "hiring process" refers to the search, selection, and hiring of new personnel by a business. The three main parts of this process are planning, hiring, and employment selection. According to the Society of Human Resource Management, the length of the hiring process is 42 days on average (SHRM.) 27 working days are reported as the average in other job research. Your hiring process timetable should be based on the typical time to fill positions in your industry.
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an agreement where both parties to an existing contract agree to discharge the rights and duties of one party and substitute another person in his place is known as a/an:
A "rights assignment" is the transfer of a party's rights from the "assignor" to the "assignee." Some extra rights and obligations that come with the assignment are determined by the legal nature of the assignment and the contractual conditions of the agreement between the parties.
What are the types of agreements between two parties?Contracts Considering the Nature & Consideration
Unilateral Contracts: In these sorts of contracts, one party promises to pay a specific sum solely in the event that a certain event takes place.Contracts that are signed on a bilateral basis are those in which both parties reach a consensus.One person or company transfers rights or property to another person or company through an assignment. However, only the benefits of the assignment are transferred; any remaining responsibilities belong to the original contracting party. Novations transfer to the next party both advantages and potential risks.A novation is an agreement signed between two parties to a contract that permits the replacement of one party by another.To learn more about agreements refer to:
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smart business communicators know that dealing with disappointed customers should be done immediately and personally. however, written correspondence may be appropriate when . a. the customer is angry b. resale or promotional materials are unavailable c. personal contact is impossible d. the customer's request will be denied
Written correspondence may be appropriate when (C) personal contact is impossible. It aims so that customers are not disappointed and improve the company's good name.
Smart Businesses can be described as a business that adopt emerging new technologies in a way that delivers their business strategy, pushes IT development into the hands of the operational teams., and operational excellence across all internal core processes and external supply chain. There are several examples of business strategies, such as Improve customer retention and Improve customer service. So, we can conclude that customer is an important point for business strategy.
There are several types of business strategies, such as:
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In an open economy, what is the source of supply of dollars in the foreign-currency exchange market?.
In an open economy, the net capital outflow is the supply of dollars in the foreign-currency exchange market.
What is an open economy?
An open economy is a form of economy in which organizations from other countries trade in goods in addition to domestically produced goods (goods and services). The exchange of management, the transfer of technology and the exchange of a wide variety of goods and services are all examples of trade.
What is foreign exchange market?
The transfer of money or foreign currency from one country to another to settle accounts is the basic and most obvious function of the foreign exchange market. In essence, the market is turning one currency into another.
The supply of dollars exchangeable in foreign currencies arises from the net outflow of capital. Since the net capital outflow does not depend on the real exchange rate, the supply curve is vertical.
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Which is true of a flexible spending account but not a health savings account?(1 point)
A) If you change jobs, you keep the account and all the money in it.
If you change jobs, you keep the account and all the money in it.
B) You can use it to pay for doctor visits.
You can use it to pay for doctor visits.
C) You can get one only if you have a health insurance plan with a high deductible.
You can get one only if you have a health insurance plan with a high deductible.
D) If you don’t spend it within a certain period of time, part or all of it reverts to your employer.
The correct answer is option (A) If you change jobs, you keep the account and all the money in it. If you change jobs, you keep the account and all the money in it.
What is a flexible spending account?Generally, FSA monies cannot be rolled over to the following year until they have been fully utilised, and any unused funds carried over from the prior year are forfeited.
Unused funds are sent to your employer, who can decide whether to divide them among FSA plan participants or utilise them to lower the costs associated with administering the benefits programme.
A flexible spending account, also known as a flexible spending arrangement, is a specific account into which funds may be deposited and later utilised to cover a selection of out-of-pocket medical costs. A flexible spending arrangement is another name for this type of account.
This amount of money is exempt from taxation for you. Accordingly, you will be able to save an amount that is equal to the taxes you would have had to pay on the money you have set aside.
The key distinction between health savings accounts (HSA) and flexible spending accounts (FSA) is that HSAs are under the control of the individual and allow for the carrying over of contributions into later years, whereas FSAs are kept by the employer and offer fewer possibilities for spending.
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tanner co. manufactures products katra and klare from a joint process. product katra has been allocated $7,500 of total joint costs of $30,000 for the 1,500 units produced. katra can be sold at the split-off point for $4 per unit, or it can be processed further with additional costs of $2,000 and sold for $7 per unit. if katra is processed further and sold, the result would be:
Katra can be sold for $4 per unit at the split-off point or processed further for $2,000 more and sold for $7 per unit. If katra is further processed and sold, the gain from additional processing would be $2,500.
The term "Additional Cost" refers to any additional capital outlay, operating expense, tax obligation, or any combination thereof that the contractor has incurred or will be compelled to incur as a result of the change in the work's scope.
A joint cost is an expense that benefits more than one product and for which the contribution to each product cannot be distinguished. In order to allocate joint expenses to items consistently, the accountant must come up with a technique.
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the risk register is developed when there is a known risk and serves as a plan of action to reduce the impact a risk will have on the project should the risk occur. group of answer choices true false
The risk register is developed when there is a known risk and serves as a plan of action to reduce the impact a risk will have on the project should the risk occur. the given statement is true.
What is risk?
Risk can be defined as the chance that something negative will occur. Risk is uncertainty about how an action will affect or implicate something that people value, frequently focusing on unfavourable, undesirable outcomes. There have been many different definitions put forth. "Effect of Uncertainty on Objectives" is the international standard description of risk for use in various applications. Different practise areas have different understandings of risk, approaches to risk assessment and management, descriptions of risk, and even definitions of risk. Links to articles with more information on these topics are provided in this article. The international standard for managing risk, ISO 31000, offers fundamental ideas and general recommendations for handling risks that organisations must deal with.
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The approach to planning that focuses on formulating certain tactics to achieve specific organizational goals is called?.
Management by objectives refers to a planning method that focuses on developing precise tactics to attain specified organisational goals.
What is organizational goals?
Organizational goals are strategic goals established by a company's management to explain expected outcomes and direct employees' efforts.
Establishing organisational goals has numerous advantages: They direct staff efforts, justify a company's business and existence, set performance standards, limit the pursuit of unimportant goals, and serve as behavioural incentives. Organizations must create a strategy for selecting and meeting goals in order for them to have business value. Goals help a corporation identify its mission, grow its business, and meet its financial objectives. Setting precise organisational goals can also assist a company in measuring its progress and determining which tasks must be addressed in order to accomplish those business goals.
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the turkish lira lost about 40 percent of its value against the u.s. dollar in the first part of 2018. which type of exchange rate system does turkey follow? multiple choice currency board gold standard fixed floating pegged
The Turkish lira lost about 40 percent of its value against the US dollar in the first part of 2018. Turkey follows floating exchange rate system. With a floating exchange rate, the price is determined by speculation, supply and demand, and other market factors.
Following the 2001 financial crisis, Turkey implemented a floating exchange rate system in which prices are based on market forces such as supply and demand. A country's currency price is decided by the foreign exchange market based on the relative supply and demand of other currencies in a floating exchange rate system. In contrast to a fixed exchange rate, a floating exchange rate is not constrained by trade restrictions or governmental oversight.
Because of floating exchange rate structures, shifts in long-term currency values reflect relative economic strength and variations in interest rates across nations. Disasters, speculative events, and the daily supply and demand of the currency are all represented by changes in the short-term floating exchange rate.
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how much must you deposit in an account today so that you have a balance of $18,685 at the end of 9 years if interest on the account is 11% p.a., but with quarterly compounding?
$ 4,043.08 must be deposited in the bank account so that you have a balance of $18,685 at the end of 9 years.
Calculation
Future value required= $18,685
Term(n) = 9 years * 4 = 36 Quarters
Interest rate = 11% * 1/4 = 2.75%
Future value required = Amount deposited today * [tex](1+I)^{n}[/tex]
$18,685 = Amount deposited today * [tex](1+2.75)^{36}[/tex]
$18,685 = Amount deposited today * 4.6251480
Amount deposited today = $18,685/ 4.6251480
The amount deposited today = 4,043.07710 = 4,043.08
Hence, $ 4,043.08 must be deposited in the bank account so that you have a balance of $18,685 at the end of 9 years if the interest on the account is 11% p.a.
what is compound interest?Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested, or added to the loaned capital rather than paid out, or when the borrower is required to pay it so that interest is generated the next period on the principal amount plus any accumulated interest.To learn more about Compound interest, refer to https://brainly.com/question/24924853
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