When a manager chooses to produce a quantity where marginal revenue exceeds marginal cost, ________.
1 answer:
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Answer:
they need to put into the account $99444.97
Explanation:
given data
age = 14 year
time period = 4 year
saving account = $115000
fixed interest rate = 3.7% per year = 0.037
future value = $115000
solution
we get here present value that is express as
present value = ..........................1
put here value and we get
present value =
solve it we get
present value = $99444.97
so they need to put into the account $99444.97