Suppose you deposit $1,500.00 into your savings account that pays you 25.00% interest. After one year, you will have $ in your account (round your answer to two decimal places).

the  amount after the one year is $1,875

Explanation:

The computation of the amount after the one year is shown below;

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $1,500 × (1 + 0.25)^1

= $1,500 × 1.25

= $1,875

Hence, the  amount after the one year is $1,875

It could be determined by applying the above formula

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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