Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Jul 2017 My Price 11.00

turn significant profit

Please choose one of the following two questions to answer (you must show all work):

1. After starting to turn significant profit, Lumyn Electronics decided that an investment account for their future expansion plans is now necessary. The company's goal is to expand to a major mall location for which $100,000 would be needed. If the investment account pays 12% interest compounded monthly, what would their initial investment have to be in order to reach their $100,000 goal in 5 years?

2. Lumyn Electronics is now using social networking to expand their reputation and reach new potential customers. The company has found that the number N of new potential customers in their 12,000 people community that have heard of their company can be modeled by the equation

N = 12,000(1 - e-0.0008t)

where t is the number of days elapsed since starting using social networking. How long will it take for 100 new potential customers to have heard of the company?

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Jul 2017 09:07 AM My Price 11.00

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