Answer:
FV= $819.03
Step-by-step explanation:
Giving the following information:
Initial investment= $600
Number of periods= 5*12= 60 months
Interest rate= 0.062/12= 0.0052
<u>To calculate the future value of the investment, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 600*(1.0052^60)
FV= $819.03
Answer:
Job A is more profitable for nearly 49 months (or 50 months including the first month)
Job B is more profitable after 49 months (or 50 months including the first month).
Step-by-step explanation:
Let x be the number of months passed after first month
<u>Job A:</u>
$2,000 for the first month with a $300 raise every month thereafter
Function describing this situation:
<u>Job B:</u>
$1,500 for the first month with a 5% raise every month thereafter
Function describing this situation:
Plot both graphs (see attached diagram). The diagram shows that the job A is more profitable for nearly 49 months (or 50 months including the first month) and the job B is more profitable after 49 months (or 50 months including the first month).
Answer:
1.28 Step-by-step explanation: got
Answer:
you should play the game with the probability of winning is one tenth
Step-by-step explanation:
If the probability of winning an instant prize game is one tenth, <u>then the odds in the game can be described as 1:9</u> . The odds are clearly better than the game with odds 1:10.
In other words,
If the odds of winning a instant prize game are 1:10, <u>then the probability of winning the game is one eleventh</u>. This is a lower probability than the game which has the probability of winning one tenth.
Answer:
a) Unit price :
- 12 cupcakes for $29 = $2.42
- 50 cupcakes for $129 = $2.58
Reasoning:
- 12 cupcakes for $29 = $29 ÷ 12 cupcakes which gives 2.416666667 and if rounded off gives you $2.42.
- 50 cupcakes for $129 = $2.58 accurately.
b) 12 cupcakes for $29 gives the lowest unit price as $2.42 is less than $2.58.
<em>I hope this answer will help you !!!!</em>