D) 65% decrease.
I worked it out by: 268 mill - 94 mill (calculating the difference in money)
then divided that by the original 268 mill, to finally get 0.64925....
And since the money is decreasing, it is a 65% decrease.
Hope this helps, and I think it should be right - but maybe double check in case :)
Answer:
I believe Nolan would have more money after 5 years, by $165
Step-by-step explanation:
Nolan:
A = 8100(1 + (.0875/4))^20
A = 12,486
Carter:
A = 8100 (1 + .0875)^5
A = 12,321
Please show the entire question. What are you trying to do with these problems?
Ramp 2=35
Ramp 1=8.............