This shows a lack of responsibility. This is because he has a job to do and he is a just taking a break and being lazy. I don’t know if this is right. But, I hope so. Hope this helped you!!
Answer:
PV= $22,677.03
Explanation:
Giving the following formula:
Number of periods (n)= 9 years
Annual payment (A)= $3,800
Discount rate (i)= 12%
<u>First, we will calculate the future value of the payments using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= {3,800*[(1.12^9) - 1]} / 0.12 + {[3,800*(1.12^9)] - 3,800}
FV= 56,147.49 + 6,737.7
FV= $62,885.19
<u>Now, the present value:</u>
PV= FV / (1 + i)^n
PV= 62,885.19 / (1.12^9)
PV= $22,677.03
Answer:
People should disregard schooling and thus work in the entire life period.
Explanation:
Condition 1--- Work throughout the 4 periods
The NPV = 
= 27,272. 7 + 24,793.3 + 22,539.4 +20,490.4
= 95,095.8
Condition 2 - Attend school and work later
The NPV = -28,000 + 
= -28000 + 41,322.31 + 37,565.7 + 34,150.6
= 85,038.61
Conclusion: Since the NPV of not going to school is higher, people should disregard schooling. They should work in the entire life period.
D.) Marginal cost is equal to average total cost. (Because when the average total cost is at its minimum, marginal cost is also at its minimum.)
This is because the lowest is the most efficient amout to make. As we increase number the extra costs of making those items will also increase.
