Answer:
The correct answer is (C) $401,302
Explanation:
To get how much the contest winner actually won, we have to calculate the amount receive at the end of each year discounted at this moment. Then, we added all the payments.
For example, the first payment in $200,000 at this moment, so we add $200,000.
At the end of the first year we receive $30,000, and the rate of discount is 8%
The formula of discount is P=A/ (1+r)ⁿ
A=Final amount
P= Principal
r= interest rate
n= time
Year 1 = A/ (1+r)ⁿ
=$30,000/1,08¹= 27777,77
Year 2 =$30,000/1,08²= 25720,16
Year 3=23814,96
Year 4=22050,89
Year 5=20417,49
Year 6=18905,08
Year 7=17504,71
Year 8=16208,06
Year 9=15007,46
Year 10=13895,80
Total 401302,44
Answer:
The opportunity cost of the event $21.
Explanation:
Opportunity cost is the loss of alternative when someone chooses an alternative.
Number of Hours = 3 hours
Earning per hour = $7
Total opportunity cost = $7 x 3
Total opportunity cost = $21
As Max has to bear the loss of $21 earning when he goes to the event in the museum. So this is his opportunity cost.
The answer is b i believe have a good day
Answer:
Magazine's cost per thousand (CPM) = $62
Explanation:
Given:
Cost per card = $930
Total number of cards = 15,000
Find:
Magazine's cost per thousand (CPM)
Computation:
Magazine's cost per thousand (CPM) = [Cost per card x 1,000] / Total number of cards
Magazine's cost per thousand (CPM) = [930 x 1,000] / 15,000
Magazine's cost per thousand (CPM) = 930,000 / 15,000
Magazine's cost per thousand (CPM) = $62
From my research, Skills USA is the most hands on when it comes to that kind of stuff.
I personally think the answer is C
