I hope this helps, it’s a bit messy but yeahh
Past due balance = $87.50
Late fee = 15% of $87.50 = 0.15*87.50 = $13.125
New charges = $75.00
New total = 87.50 + 13.125 + 75 = $175.625
Answer: The new total is $175.63
Answer:
The answer is "Principal of marginal analysis".
Step-by-step explanation:
To determine unless the benefits of even an aggressive resource would outweigh its costs, and therefore increase utility, individuals and businesses can use a valuation model to compare the risks versus the benefits of more activities, like whether to create or consuming more. It's the amount during which net value is greater than or equal to marginal cost that's the optimal quantity in this situation. The amount where the marginal social cost curve and consumer surplus line connect.
The equation would be 90/18 which would give you the cost of 5 dollars per rose
Total = 500 * ([(1 + .07)^26 -1] / .07) -500
Total = 500 * (<span><span>4.8073529249
</span>
/ .07) -500
</span>Total = 500 * (<span>68.6764703562) -500
</span>Total =
<span>
<span>
<span>
33,838.24
</span></span>
Source:
http://www.1728.org/annuity.htm
</span>