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oksano4ka [1.4K]
3 years ago
6

3) Drew receives an inheritance that pays him $54,000 every three months for the next two years. Which of the following is close

st to the present value (PV) of this inheritance if the interest rate is 8.9% (EAR)?
A) $314,366
B) $471,549
C) $392,957
D) $432,000
Business
1 answer:
Snezhnost [94]3 years ago
6 0

Answer:

the correct answer is C

Explanation:

First calculate the APR with quarterly compounding, which equals 8.62% then using a periodic interest rate of 8.62/4%, calculate the present value (PV) of an annuity of $54,000 for eight periods

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Without using calculus or any other advanced math, the MS Solver plug-in can be used to find the input value for x that results
erik [133]

Answer:

The weekly revenue is maximum at x=1.67.

Explanation:

The given function is

f(x)=1000x -300x^2         .... (1)

where, f(x) is the total revenue at price x.

We need to find the price x at which the weekly revenue is maximum.

The leading coefficient of the given function is -300, which is a negative number. So, it is a downward parabola and vertex of a downward parabola is the the point of maxima.

If a parabola is defined as

g(x)=ax^2+bx+c           ... (2)

then the vertex of the function is

(-\frac{b}{2a},g(-\frac{b}{2a}))

From (1) and (2) it is clear that

a=-300,b=1000, c=0

The given function is maximum at

-\frac{b}{2a}=-\frac{1000}{2(-300)}

-\frac{b}{2a}=\frac{10}{6}

-\frac{b}{2a}=1.66667

-\frac{b}{2a}\approx 1.67

Therefore the weekly revenue is maximum at x=1.67.

4 0
3 years ago
If a family spends its entire budget in a given time frame, the family can afford either 90 cans of soup or 60 frozen dinners. A
g100num [7]

Answer:

0.67

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If the family buys one can of soup, the opportunity cost is the frozen food forgone.

Opportunity cost of one can of soup = 60 / 90 = 0.67

I hope my answer helps you

8 0
4 years ago
What is a charge card?
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Which of the following make a person less likely to have health insurance? Instructions: You may select more than one answer. Cl
Oksi-84 [34.3K]

Answer:

Being a low-wage worker

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Explanation:

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