Answer:
4,810
Step-by-step explanation:
$10 per ticket times 741 people (10 * 741) is 7,410, then subtract the cost to produce the play, 7,410 - 2600 = 4,810.
Answer:
- <u>The rate of return is 8.15%</u>
- <u>This is a good investment</u>
<u></u>
Explanation:
For the first question, you need to find the rate that makes the present value of a stream of ten constant annual payments of $15,000 equal to the $100,000 investment.
The formula that returns the present value of a constant payment is called the annuity formula and is:
In your problem you know:
- Present value: $100,000
- payment: $15,000
- r: ?
- t: 10
You cannot solve for r directly. You must guess a value and calculate the right side of the equation until to you find the rate that makes it equal to 100,000.
Try 5%:
Then, the rate of return is greater than 5%. After several trials you will find that the rate of return is 8.15%.
Since this rate is higher than 8%, which is what the company requires, this is a good investment.
Answer:
rate- 6
distance fallen- 18
Step-by-step explanation:
Answer:
The graph will be discrete because there is no such thing as a partial person to sign up and the booth is set up once each day for sign ups.
Step-by-step explanation:
The difference between continuous and discrete graphs and functions is that a discrete function allows the variables to be only certain points in the interval, usually only integers; meanwhile, a continuous function allows the variables to be any points in the interval. Here, both variables are discrete, that is, the number of people is {0, 1, 2, 3, ...}, and days are {Monday, Tuesday, Wednesday, ...}