In the given example above, the favorite tune of college level
forming group that they are considered to belong is the fisk. The fisk forming
group in the college level are famous singers of which they are students who
travel and raises funds for their college.
Answer:
Future value = $5912.87
Explanation:
Below is the calculation:
Interest rate = 4.7%
Present value of deposit = $4750
Time period, n = 5 years
Future value = Present value ( 1 + interest rate)^n
Future value = 4750 ( 1 + (4.7%/365)^5*365
Future value = 4750 (1 + 0.00012)^1825
Future value = $5912.87
Answer:
$1 per hour
Explanation:
Data provided in the question
Lauren pick cherries per hour for $8 per hour
And, the wage rate that Lauren earns is $7 per hour
So, the surplus made from Lauren's labor per hour is
= Lauren pick cherries per hour - Wage rate that Lauren earns
= $8 per hour - $7 per hour
= $1 per hour
Simply we deduct the wage rate from the cherries per hour so that the surplus per hour could come
