You want to withdrawal $10,000 per year for 10 years starting in 11 years. You will start saving today, and will make deposits into your account for 9 more years (10 total deposits). At the start of the 11th year, you will take your first withdrawal. How much do you need to save each year if you expect a 3% annual return

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.