The amount that your grandparents need to put in the trust fund today is $11,370.
What is present value?The idea of present value holds that money today is worth more than it will be in the future. In other words, money received in the future is not as valuable as money obtained today in the same amount. The value of $1,000 now will exceed $1,000 in five years.
PV = $25,000 * PVIFA7.5%, 20 * PVIF7.5%, 43
= $25,000 * 10.194 * 0.045
= $11,368.96
= $11,370
Therefore, it should be noted that $11,370 needs to be out into the account.
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what is a global network of organizations and activities that supply a firm with goods and services? part 2 a. supply tree b. supply chain c. vendor tree d. vendor network e. provider network
A supply chain is the global network of organizations and activities that supply a firm with goods and services.
What is a supply chain?In management, a supply chain refers to the network of individuals and companies who are involved in creating a product and as well as delivering it to the consumer. The links on the supply chain begin with the producers of the raw materials and end when the van delivers the finished product to the end user.
Furthermore, some of the components of a supply chain include producers, vendors, warehouses, transportation companies, distribution centers and retailers. In conclusion, the functions performed by a supply chain include product development, marketing, operations, distribution, finance, customer service etc.
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