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If You Plan to Invest $10,000 and Want to Determine

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If you plan to invest $10,000 and want to determine how much will be accumulated in six years if you earn interest at 7% per year,you would calculate this using the future value of an annuity.


Definitions:

Marginal Revenue

The additional revenue that is gained from selling one more unit of a product or service.

Marginal Cost

Expenses incurred from making one more unit of a product or service.

Average Revenue

The mean amount of money earned per unit sold, calculated by dividing the total revenue by the quantity of units sold.

Marginal Revenue

The additional income gained from selling one more unit of a product.

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