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insens350 [35]
3 years ago
6

Assume Maine Line Railway is considering hiring a reservations agency to handle passenger reservations. The agency would charge

a flat fee of $ 14,000 per​ month, plus $ 1 per passenger reservation. What is the total reservation cost if 200,000 passengers take the trip next​ month?
Business
2 answers:
inna [77]3 years ago
7 0

Answer:

$214,000

Explanation:

The total reservation cost per month is given by the following expression:

R = \$14,000+\$1*n

Where 'n' is the number of monthly reservations.

If there are 200,000 reservations for passengers taking a trip next month, the reservation cost is:

R = \$14,000+\$1*200,000\\R=\$214,000

Total reservation cost is $214,000.

prohojiy [21]3 years ago
3 0

Answer:

$214,000

Explanation:

According to the situation explained, the total reservation cost will be the result of adding up the flat fee plus the result of the cost per passenger reservation for the number of passengers:

Flat fee: $14,000

Cost per passenger reservation: $1

number of passengers: 200,000

Total reservation cost= $14,000+($1*200,000)

Total reservation cost= $14,000+$200,000

Total reservation cost= $214,000

The total reservation cost is $214,000.

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(Calculating annuity payments) The Aggarwal Corporation needs to save $10 million to retire a $10 million mortgage that matures
Olenka [21]

Answer:

Ans. The equal amount of money that Aggarwal Corporation needs to put into this account, for 10 years, at the end of each year is $658,200.90

Explanation:

Hi, in order to find the equal amount of money to put into this account, that returns 9% annually, for ten years, and to be paid at the end of each year, we need to use the following formula and solve for "A".

Future Value=\frac{A((1+r)^{n}-1) }{r}

Where:

Future Value= $10,000,000

r= 0.09

n=10

So, everything should look like this.

10,000,000=\frac{A((1+0.09)^{10}-1) }{0.09}

10,000,000=A(15.1929297)

\frac{10,000,000}{15.1929297} =A

A=658,200.9

The answer is: Aggarwal Corporation needs to save $658,200.90 every year, at the end of the year, for ten years in order to get $10,000,000 in ten years to retire its mortgage.

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Answer:

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