If We Wish to Accumulate $8,000 by the End of 4

question 76

Multiple Choice

If we wish to accumulate $8,000 by the end of 4 years,how much should the annual payments be if we receive an interest rate of 10% on our investments? The first payment is made at the end of each year.

• A) $1,379.24
• B) $1,567.06
• C) $1,723.77
• D) $2,000.00

Understand the role of consumption communities in the consumer behavior process.

Grasp the concept and significance of brand loyalty in purchase behavior.

Recognize the expanded view of consumer behavior that includes pre-purchase, purchase, and post-purchase phases.

Describe the importance and application of relationship marketing in building long-term customer relationships.

---

Definitions:

Professional Communicator

An individual proficient in conveying information effectively in business or professional contexts.

Consumer

An individual who purchases goods or services for personal use rather than for manufacturing or resale purposes.

Selling Points

Key features or advantages of a product or service that are highlighted to persuade potential customers to make a purchase.

Online Sales Messages

Communications designed to promote or sell products or services through digital platforms.