Travis international has a one-time expense of $2.86 million that must be paid three years from now. since the firm cannot raise that amount in one day, it wants to save an equal amount each month over the next three years to fund this expense. if the firm can earn 2.1 percent on its savings, how much must it save each month?
a) $91 ,300.05
b) $73,901.15
c) $77,037.69
d) $87,411.08
e) $78.416.20

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?