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garik1379 [7]
3 years ago
8

You are choosing among three apartments. Apartment 1 costs $700 per month, and lets you walk to work. Apartment 2 costs $600 per

month and would let you get to work via the bus. A bus pass costs $40 per month. Apartment 3 costs $400 per month but would require a car which you estimate would cost $400 per month. Which apartment is the most economical?
Business
1 answer:
kodGreya [7K]3 years ago
6 0
Definielty not C. It would be B becuase 600+40=640 and so that is less than 700 and less than 800.
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In one paragraph highlight the characteristics of an entrepreneur​
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Explanation:

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The price of the goods and services greatly influences the level of demand thereby bringing about movement along the demand curve. This makes the option D the most appropriate choice.

Read more about Demand here  brainly.com/question/2398546

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3 years ago
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Answer:

It will take 5 years and 99 days to recover for the initial investment at a discount rate of 9%.

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<u>The payback period is the time required to cover for the initial investment. We need to discount each cash flow using the following formula:</u>

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Year 1= 10,000/1.09= 9,174.31 - 44,000= -34,825.69

Year 2= 10,000/1.09^2= 8,416.80 - 34,825.69= -26,408.89

Year 3= 15,000/1.09^3= 11,582.75 - 26,408.89= 14,826.14

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(2,074.49/7,674.48)*365= 99

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