If xavier gives up a job in which he earns $23,000 per year in order to go to college full time, his foregone income is part of
1 answer:
You might be interested in
Answer:
$60,030.54
Explanation:
In this question, we use the FV formula that is presented in the spreadsheet.
The NPER shows the time period.
Given that,
Present value = $0
PMT = Monthly payments = $5,000
NPER = 10
Rate of interest = 4%
The formula is presented below:
= -FV(Rate;NPER;PMT;PV;type)
So, after solving this, the future value is $60,030.54
The correct choice would be that Carina should have subtracted 3.40 from 5.27 which lead to wrong further calculation. So, the correct option from the quoted statement is B.
The calculation can be done to find the value of <em>x </em>after quoting the correct equation and solving by further using the simplification method.
<h3>Simplification of mathematical equation. </h3>- The computation of the amount of tomatoes can be done after assuming that the initial equation given is right.
- With the given information, we can simplify further to find that,
- So, it is clear that Carina bought tomatoes worth 2.2USD
Hence, the correct choice is B, that Carina should have subtracted 3.40 from 5.27 to find the value of tomatoes bought.
Learn more about Simplification of equations here: