Answer:
Annual interest rate = 8.23%
Explanation:
The annual interest rate i must have earn over the last 8 years to accomplish this goal is:
= ((25650/(9000*(1+6.1%)^7))^(1/8))-1
= ((25650/(9000*1.513588))^(1/8)) - 1
= ((25650/13622.29)^(1/8) - 1
= 1.882943323038931^(1/8) - 1
= 1.08231743862 - 1
= 0.08231743862
= 8.231743862%
= 8.23%
Answer:
The solution and the calculation is shown on the first , second , third and fourth uploaded image
Explanation:
Answer:
From the information given in the question, producer A will be only producer that can produced the oil if oil market price is $9/barrel as producer B and C will not cover the extraction cost at this price. Hence, only 100 barrel oil is produced
Explanation:
Given data:
Extraction cost of oil producer A = $8
Extraction cost of oil producer B = $10
Extraction cost of oil producer C = $12
Total production of oil per day = 100
From the information given in the question, producer A will be only producer that can produced the oil if oil market price is $9/barrel as producer B and C will not cover the extraction cost at this price. Hence, only 100 barrel oil is produced
Answer:
The answer is: A) is correct because there was no bargained-for exchange for the raise.
Explanation:
Dan is correct since nothing was bargained here. For a contract to be binding, both parties must give or promise to give something in exchange, e.g. I will pay $5 and the restaurant will give me a hamburger.
In this case Naomi didn't give anything to Dan or didn't even promise to give anything to Dan.