Consider a two-year period where a consumer has an income of $10,000 in year 1 and $8,000 in year 2. The consumer can borrow or lend at a rate of 10 percent. If the consumer decides to save $1,000 in year 1, it means:

The $1000 saved would be $1100 after one year and $1,210 after two years

Explanation:

$1000 saved by the consumer in year 1 would equal a higher amount which is the future value when interest rate is 10%,in other words the future value is usually computed with the below formula:

FV=PV*(1+r)^N

PV is the amount saved  which is $1000

r is the lending or borrowing rate of 10%

N is the time horizon for the investment which 1 year

FV=$1000*(1+10%)^1

FV=$1100

if the amount is reinvested in year 2 , the future value at the end of year 2 is as follows:

FV=$1100*(1+10%)^1

FV=$1,210

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the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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