Discuss the Components of a Business Plan and How the Process

question 4

Essay

Discuss the components of a business plan and how the process of a business plan comes together.

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Definitions:

Compounded Monthly

The process of calculating interest using the principle plus previously earned interest as the new principle each month.

9%

An interest rate or percentage that signifies a nine percent value attached to financial products or calculations.

Compounded Semi-Annually

The process of adding interest to the principal sum twice a year, where interest earns more interest in subsequent periods.

Compounded Quarterly

Interest is calculated four times a year on the initial principal and the added interest from previous periods.