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6) A national advertising program that costs $250,000 today is expected return a profit (like interest) of $80,000 in 6 years. Determine: (3 marks) a.
6) A national advertising program that costs $250,000 today is expected return a profit (like interest) of $80,000 in 6 years. Determine: (3 marks) a. The rate of return (interest) using simple interest. b. The rate of return (interest) using compound interest (compounded annually), where the Future Value would be $250,000 and $80,000 added together
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