The New York Soccer Association Would Like to Accumulate $10,000

question 16

Essay

The New York Soccer Association would like to accumulate $10,000 by the end of 4 years from now to finance a big soccer weekend for its members. The Association currently has $2,500 and wishes to raise the balance by arranging annual fund-raising events. How much money should they raise at each annual fund-raising event assuming 8 percent rate of interest?

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Definitions:

Media Outlets

Organizations that distribute news, entertainment, or other information to the public via television, radio, internet, newspapers, or magazines.

Informational Appeal

An advertising and marketing strategy that uses factual and informative messages to influence the target audience.

Emotional Appeal

A marketing strategy designed to evoke emotional responses from consumers, aiming to create a personal connection with the product or brand.

Franchised Pizza Restaurant

A pizza restaurant operating under a franchise agreement, using the branding, business model, and menu of the franchisor.