is a management tool that explicitly shows how a firm will acquire and use the resources needed to achieve its goals over a specific time period.

Budgeting

Explanation:

Budgeting -

It refers to the method by which the company or business uses it resources in order to complete the project , in the given time frame , is referred to as budgeting .

The budget gives the bifurcation about the amount of money which is required for a particular activity of the project within a bounded time frame .

A perfect and good budget is very important for the success of the company .

Hence , from the given information of the question ,

The correct answer is budgeting .

i think you have to let the moderators that you want your old account to be activated.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20