1. Sandy wants to go on a trip in 10 years. If she invests $1,000 per year for 10 years at a 12% interest rate, she will accumulate____to spend on her trip

a. $10,610

b. $12,130

c. $15,105

d. $16,710

e. $17,549

2. Why do new products fail?

a. Because most products today have longer product life, there is less need for new products.

b. Marketers tend to underestimate the market size and underestimate demand which results in lost customers.

c. New product development doesn't effectively consider the "job-to-be-done" of the target audience.

d. Social and governmental regulations have significantly increased new product development costs making it harder for new products to succeed.

3. A mutual fund's net asset value is determined by

A. demand for the fund based on the fund's performance.

B. the value of the securities held by the fund.

C. the fund manager's reputation.

D. all of the above.